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Bernard Baruch Quotes About Unwise

We have collected for you the TOP of Bernard Baruch's best quotes about Unwise! Here are collected all the quotes about Unwise starting from the birthday of the Financier – August 19, 1870! We hope you will be inspired to new achievements with our constantly updated collection of quotes. At the moment, this page contains 1 sayings of Bernard Baruch about Unwise. We will be happy if you share our collection of quotes with your friends on social networks!

  • Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.

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Bernard Baruch

  • Born: August 19, 1870
  • Died: June 20, 1965
  • Occupation: Financier
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