A first-class catastrophe : the road to Black Monday, the worst day in Wall Street history
tarafından
 
Henriques, Diana B., author.

Başlık
A first-class catastrophe : the road to Black Monday, the worst day in Wall Street history

Yazar
Henriques, Diana B., author.

ISBN
9781627791649

Yazar Ek Girişi
Henriques, Diana B., author.

Basım Bilgisi
First edition.

Fiziksel Tanımlama
xviii, 393 pages ; 25 cm

İçerik
Prologue -- Part One. Vanishing borders. Silver Thursday -- Bright ideas -- Chicago vs. New York -- Shifting gears -- A deal in D.C. -- Stock futures, bond failures -- Part Two. Titans and wizards. A plague from Oklahoma -- Bulls and banks -- Chicago rising -- Arbitrage and accommodation -- Banks on the brink -- Part Three. Contagion. Mergers and mutations -- Berkeley rising, banks falling -- Witching hours -- Rational markets? -- Pandora's portfolios -- January omens, July alarms -- Part Four. Reckoning. The worst weeks ever -- 508 points -- Juggling hand grenades -- Placing blame, dodging reality -- Epilogue.

Özet
The definitive account of the crash of 1987, a cautionary tale of how the U.S. financial system nearly collapsed ... Monday, October 19, 1987, was by far the worst day in Wall Street history. The market fell 22.6 percent--almost twice as bad as the worst day of 1929--equal to a loss of nearly 5,000 points today. But Black Monday was more than just a one-day market crash; it was seven years in the making and threatened the entire U.S. financial system. Drawing on superlative archival research and dozens of original interviews, the award-winning financial journalist Diana B. Henriques weaves a tale of ignored warnings, market delusions, and destructive decisions, a drama that stretches from New York and Washington to Chicago and California. Among the central characters are pension fund managers, bank presidents, government regulators, exchange executives, and a pair of university professors whose bright idea for reducing risk backfires with devastating consequences. As the story hurtles toward a terrible reckoning, the players struggle to avoid a national panic, and unexpected heroes step in to avert total disaster. For thirty years, investors, bankers, and regulators have failed to heed the lessons of Black Monday. But with uncanny precision, all the key fault lines of the devastating crisis of 2008--breakneck automation, poorly understood financial products fueled by vast amounts of borrowed money, fragmented regulation, gigantic herdlike investors--were first exposed as hazards in 1987. A First-Class Catastrophe offers a new way of looking not only at the past but at our financial future as well."--Jacket.

Konu Başlığı
Stock Market Crash, 1987.
 
Borsa çöküşü, 1987.
 
Financial crises -- United States -- History -- 20th century.
 
Ekonomik krizler -- Amerika Birleşik Devletleri -- Tarih -- 20. yüzyıl.
 
Stock exchanges -- United States -- History -- 20th century.
 
Borsa -- Amerika Birleşik Devletleri -- Tarih -- 20. yüzyıl.
 
Finance -- United States -- History -- 20th century.
 
Finans -- Amerika Birleşik Devletleri -- Tarih -- 20. yüzyıl.


LibraryMateryal TürüDemirbaşYer NumarasıDurumu / Lokasyon / İade Tarihi
Ekonomi KütüphanesiKitapEKOBKN0010472332.64273 HEN 2017Merkez Kütüphane Genel Koleksiyon