Wall Street Journal: Thursday August 21 1930.
"New Australian plan for balancing budget coming under criticism for bias toward tax increases (including new 2.5% sales tax) rather than cuts in expenditures."
"Baar, Cohen & Co. believe stocks headed higher, “and we think within a few days sufficient momentum will be generated on the bull side to start the advance in earnest.” Foresee general business improvement, even if only seasonal, and halt in commodity price decline."
Interesting:
"Actuarial Society of America survey reports death rate for passengers travelling on scheduled airlines is 1 in 5,000, or 200 times railroad death rate; safety increases by 63% after pilot has had 400 flight hours."
Regards
TheBagwan
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