337 “My prophecy would be”: Keynes, “Letter to Andrew Mcfadyean,” January 5, 1930, in Collected Writings, 18: 346-47.
338 In addition, he continued to manage: Hession, John Maynard Keynes, 175.
338 Despite his reputation: Skousen, “Keynes as a Speculator,” 161-69.
338 “triumph”: Keynes, Collected Writing: A Tract, 4: 231.
339 “nothing which can be called inflation”: Keynes, “Is There Inflation in the United States?” September 1, 1928, in Collected Writing, 13: 52-59
339 “on the side of business depression”: Keynes, “Letter to Charles Bullock,” October 4, 1928, in Collected Writings 13: 70-73.
339 “I was forgetting that gold”: Keynes, “Is There Enough Gold? The League of Nations Inquiry,” The Nation and Athenaeum, January 19, 1929, in Collected Writing, 19: 775-80.
339 “Picture to yourself”: Kynaston, The City of London, Illusions of Gold, 157.
340 “Almost all the great powers”: Somary, The Raven of Zurich, 155.
341 “even in countries thousands of miles”: Keynes, “A British View of the Wall Street Slump,” New York Evening Post, October 25, 1929, in Collected Writings, 20: 2-3.
341 The character of the market: White, “The Stock Market Boom and Crash of 1929 Revisited,” 77.
342 Indeed, on September 3, 1929: Paul, Desmond. “An Exploration of the Nature of Bull Market Tops,” Lowry Reports, 2006.
342 In February, Owen Young: Klingaman, 1929: The Ye
ar of the Crash, 159, 211.
342 Joe Kennedy: Goodwin, The Fitzgeralds and the Kennedys, 488.
342 Bernard Baruch claims: Baruch, The Public Years, 224-25.
342 Even Thomas Lamont: Lamont, The Ambassador from Wall Street, 260.
342 In April 1929, he had some friends: Durant’s secret visit to the White House from Sparling, Mystery Men of Wall Street, 3-6.
343 “panic which keeps people”: Seldes, The Years of the Locust, 40.
343 “Scores of thousands: “Europe’s ‘Wall Street Panic,’” The Literary Digest, August 24, 1929.
345 “fat excitable man”: Snowden, Autobiography, 2: 827.
345 “invisibly the battle of gold”: “Palladin of Gold,” Time, August 19, 1929.
345 In late August, as Britain’s reserves hit: Clay, Lord Norman, 252.
17: PURGING THE ROTTENNESS
347 “For five years at least”: BusinessWeek, September 7, 1929
348 “I repeat what I said”: “Babson Predicts ‘Crash’ in Stocks,” New York Times, September 6, 1929.
349 He was a strict Prohibitionist: Fridson, It Was a Very Good Year, 87-88.
350 “none of us are infallible”: “Fisher Denies Crash Is Due,” New York Times, September 6, 1929.
350 Simple commonsense techniques: White, “The Stock Market Boom and Crash of 1929 Revisited,” 72-73.
351 “not perhaps surprising”: “Financial Markets: Last Week’s Reaction in Stocks and the Talk of a Future ‘Crash,’” New York Times, September 9, 1929.