"We have reached a permanent plateau of prosperity." | Hacker News

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		ffrryuu on Sept 24, 2013 \| parent \| context \| favorite \| on: What to do if a bubble is starting "We have reached a permanent plateau of prosperity."

dredmorbius on Sept 25, 2013 [–]

Nit: "Stock prices have reached what looks like a permanently high plateau." Profesor Irving Fisher of Yale, autumn, 1929, 3 days before the great crash.

Quoted on page 70 of J.K. Gailbraith's The Great Crash 1929 which I very strongly recommend to anyone.

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