Word: propheteers
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Dates: during 1930-1939
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...advance, but many held that it would be the impetus which Business awaits. Especially encouraging was the strong bond market. From Massachusetts, where about a year ago was sounded the dismal warning which none heeded, last week came a bullish statement. Statistician Roger Ward Babson, 1929-5 most famed "Prophet of Doom," made his first modification of his very bearish stand of last year, his first general recommendation to buy stocks since 1924. Stocks suggested by the Babson Statistical Organization Service were divided into two groups. "Good yield" stocks were: National Dairy Products Corp., General Foods Corp., North American Aviation...
Long ago President Hoover and his Cabinet ceased optimistic predictions of an early return of prosperity. The President, after setting May for the end of the business slump, saw his forecasts go all awry. Even Secretary of Labor James John Davis, the most irrepressibly cheery prophet, has grown silent on the economic future. Democratic delay on the tariff bill was recurrently cited by Republicans as the reason for unsettled business. They prophesied a quick upturn as soon as that measure was out of the way. The new tariff became law June 17. But July, according fo figures given...
Opinions. Hardy indeed is the prophet who will be definite in his predictions for the immediate future. Bertie Charles Forbes, who stoutly maintains things have gone far enough, last week said July income can be reinvested now "with every confidence." He predicted: "The turn of the year will mark the turning point...
...Prophet MacDonald, gravely perplexed, endeavored to raise the Indian question above party lines, called Conservative Stanley Baldwin and Liberal David Lloyd George into consultation, laid before them such ominous statistics as these...
Other excerpts: "I must insist that I prefer to take profits and buy on recessions. ... P. S. Tell the dark-haired damsel to hold on to my portfolio. ... I š am sorry . . . that you are not a prophet of the first grade...