Word: sunspots
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...correspondence between sunspots and business activity for the past decade is remarkably close. The boom years of 1928-29 were accompanied by sunspot peaks. Sunspots were at a low ebb in the Depression bottom of 1932, but climbed into 1937 along with Recovery...
...correspondence breaks down at several places. The "Rich Man's Panic" of 1903-04 and the brief depression of 1913-14, for example, do not fit into the picture. Yet Dr. Stetson argues that four out of the last five major slumps have followed "in the wake" of sunspot maxima. He mentions two sunspot investigators who failed to find any connection between unusual sunspot activity and abundant crops, but reflected that bumper crops do not always accompany industrial prosperity. Their prosperity curves did not fit well with ordinary sunspot graphs, either, but when they made a graph showing...
Human nerves are still another possible avenue of sunspot influence. Sunspots cause "storms" in the earth's magnetic field. Magnetic fields affect electric currents. Electric currents are the mode by which nerve impulses are carried in the body...
...Stetson admits that these chains of cause & effect are long and dubiously linked, and that the effort to match sunspot curves with indices of human activity -without taking into consideration hundreds of other factors-must necessarily be far from conclusive. But he feels that the evidence for sunspot influence is too good and too stimulating to be thrown out of court. "Definite investigations," he concludes, "should ultimately make it possible to substantiate or amend these statements. Some of them doubtless will be amended. I cannot but believe that accumulating evidence will show many of them valid. Ratification rests...
...Stetson's book does not take account of the recent stockmarket and business slump. He pointed out last week, however, that sunspots diminished after Aug. 1 (two weeks before the market break) and did not resume their upclimb until last fortnight. He expects the current sunspot increase to continue for another year...