ABSTRACT

An extremely user-friendly overview of the inner workings of the US stock market. Things have changed a great deal since the heady days of the 1980s and we are now entering an era of profound uncertainty, with most analysts predicting trouble ahead. Indeed, the alarming decline of the NASDAQ shows no sign of abating and the fear is that traditional industries will be the next to bite the dust. September 11th has only added to the gloomy mood.
This book examines the current conditions before looking back to the events of the past century - The Great Depression, the 1970s oil crisis, the party-for-the-rich atmosphere of the 1980s and the emergence of the new economy.

chapter |12 pages

Introduction

chapter 1|18 pages

The bubble era in US stocks

chapter 2|21 pages

The great bull run of the 1990s

chapter 4|18 pages

The bubble era

How rational?

chapter 5|14 pages

The new economy

Has it arrived?

chapter 6|13 pages

Governance issues

Old and new

chapter 7|17 pages

The Federal Reserve

In unchartered waters?

chapter 10|13 pages

The great asset price bubble of 1929

chapter 11|18 pages

Lessons from Japan’s financial crisis

chapter 12|16 pages

The Asian bubble and crisis

chapter 13|14 pages

US stock markets

Where from here?