Business Barometers Used in the Accumulation of Money
The book Business Barometers Used in the Accumulation of Money was written by author Babson, Roger Ward, 1875-1967 Here you can read free online of Business Barometers Used in the Accumulation of Money book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Business Barometers Used in the Accumulation of Money a good or bad book?
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It was due to these fig- ures that the bankers and investors who care- fully study all Fundamental Statistics were sure that the country had entered a period of decline. Such figures showed a period of depression to be absolutely necessary in order to give the banks 180 BUSINESS BAROMETERS an opportunity to recuperate and again enjoy healthy and normal conditions. These figures are still more dangerous when it is considered that during the period between 1887 and 1897 the aggregate "Resources" ...showed an increase of 50%, even although the market value of se- curities was continually decreasing. During the ten years between 1897 and 1907 this increase in aggregate "Resources" was largely due to the inflated prices and the growing market val- ue of securities held and possibly not at all to larger numbers of investments. These changes, it is true, have been irregular rather than con- stant and have causecl varying conditions of strength and weakness in the banking situation, but the figures plainly indicate that in 1906 banks were in a very weak condition with their investments over-extended- The above figures would appear somewhat different if figures of all private banking houses, such as J.
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