Quarter Days and the Economic Outlook

In 19th century English novels, so-called “quarter days” often provided a chronological backdrop to the plot. A relic of medieval times, the quarter days were Lady Day (March 25th), Midsummer Day (June 24th), Michaelmas (September 29th) and Christmas Day (December 25th). These were the dates upon which rents were paid, leases expired and employment contracts took effect. Quarter days were often when the landlords of Austen expected their income, the impoverished families of Dickens had to cough up their rents and the farmworkers of Hardy would move on to their next place of employment. In short, they were days of accounting and reckoning.

You can listen to Quarter Days and the Economic Outlook online on Radio and Podcast. Open the player on this page to stream the available audio.

Quarter Days and the Economic Outlook is an episode from J.P. Morgan Insights (audio) by Dr. David Kelly.

This episode is 14:31 long.

This episode was published on May 4, 2026.

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