Word: babsonisms
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Dates: during 1930-1939
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...scoffed at bearish forebodings, and even after the bull market had broken he compared its collapse to the failure of a fundamentally sound bank, wrecked only by a psychological "run" of frightened depositors. Professor Fisher's imperfections as clairvoyant were quickly recalled by a rival prophet, Roger Ward Babson of Babson Park, Mass., who said: "It should be recognized that he [Fisher] has changed his position from where he stood when he criticized me in my bearish forecast in ... September 1929. Then he was distinctly bullish on both the stock market and business." Prophet Babson added: "I am not especially...