Nina Kalinina on Nostr: Forbes, June 1929. B.C. Forbes himself writes that "most business developments are ...

Forbes, June 1929. B.C. Forbes himself writes that "most business developments are favorable", but notices that "Wall Street continues to excite apprehension" and "recent events have proved that the warnings sounded here were not wholly unwarranted". The advice is cautious, but it completely fails to predict the Great Crash of October 1929.

The stock recovered by April 1930, only to start its decline that lasted many years. I wonder what Forbes advised in 1930...