“The only function of economic forecasting is to make astrology look respectable”, famously remarked John Kenneth Galbraith. “Professional” fortune tellers and clairvoyant have accompanied mankind, receiving great respect, throughout the ages. Therefore, one can say, it was only a matter of time also for a “professional” economic soothsaying to emerge, especially in the shadow of a galloping American Capitalism.
In 1899, an astrologer Evangeline Adams moved her business from Boston to New York, a city full of her most lucrative and reliable clients: investors in securities and businessmen. Over the next thirty years, many New Yorkers sought Adams’s advice on market trends, anxious for any insight that might help them evade the ravages of economic turbulence. Even in her own time, many regarded Adams as a fraud and scam artist, but that did not stop her to assert she predicted the stock market crash of 1929.
Fortune Tellers: The Story of America’s…
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Utopia, you are standing in it! 
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