 He began writing freelance magazine articles on this subject, and in 1926, he was transferred to Hawaii where he read nearly one thousand books that had been collected during World War I.This allowed him to further develop his ability to critically analyze financial data.Between 1928 and 1929, Harwood wrote articles that accurately predicted the impending depression, which he blamed on the inordinate issuances of corporate securities and loans by financial institutions to investors and speculators that fueled the stock-market boom.