ECONOMIST PREDICTS
"NEXT DEPRESSION WILL BE A . NIGHTMARE" The American economist, Roger W. Babson, who 15 years ago accurately forecast the 1929 stock market crash, has predicted another major depression "about 1949 or 1950." As Babson sees it, here is the outlook:
1. Germany will collapse sometime befpre March 7, 1945. 2. Time element of the victory over Japan depends entirely on Russia. 3. Temporary slumps in prices and employment will follow the collapse of Germany and Japan. 4. These slumps will be followed immediately by a two or three-year period of "excellent business." 5. Anyone willing to work for a market wage at what he or she is fitted for will be employed during the post-war period of prosperity.
1 6. Stock market prices will soar only to collapse about 1949 or 1950 due to a satisfied consumer demand and "fear of Communism." > The white-haired statistician said in an interview that the next depression will be a nightmare of "unemployment and failures and trouble of that sort."
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Waikato Independent, Volume XLIV, Issue 1100, 28 February 1945, Page 3
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168ECONOMIST PREDICTS Waikato Independent, Volume XLIV, Issue 1100, 28 February 1945, Page 3
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