Share a link to a news report of a company where the financial forecast went spectacularly wrong and describe what you find particularly interesting or notable about it.
1929 Stock market
Irving Fisher was a noted 20th century economist. No less an authority than Milton Friedman called him “the greatest economist the United States has ever produced,” and many of his contributions to economics, such as the Fisher equation, the Fisher hypothesis and the Fisher separation theorem are cited by economists to this day. Yet despite his intellect, he made one statement in 1929 that destroyed his credibility for the rest of his life. Three days before the Wall Street Crash of that year, h
Irving Fisher was a noted 20th-century economist. No less an authority than Milton Friedman called him “the greatest economist the United States has ever produced.” Many of his contributions, such as the Fisher equation, the Fisher hypothesis and the Fisher separation theorem, are cited by economists to this day.
Yet one statement he made in 1929 destroyed his credibility for the rest of his life.Three days before the Wall Street Crash of that year, he claimed that “stocks have reached what looks like a permanently high plateau.” When he was disproved 72 hours later, he tried to get out from under the statement, but months of putting a positive spin on developments only further eroded his reputation.
Share a link to a news report of a company where the financial forecast went spectacularly...
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I would like each student to report to the class a current event pertaining to the subject matter they studied in the course. The news will be posted by the student in the discussion forum section. You can find related topics in any business section of a national newspaper, in one of the many financial publications, or on the internet. The Wall Street Journal, The Financial Times, Fortune, Time, and Newsweek are some other sources for information. Please provide the...
I would like each student to report to the class a current event pertaining to the subject matter they studied in the course. The news will be posted by the student in the discussion forum section. You can find related topics in any business section of a national newspaper, in one of the many financial publications, or on the internet. The Wall Street Journal, The Financial Times, Fortune, Time, and Newsweek are some other sources for information. Please provide the...
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