A First-Class Catastrophe

Released on by Diana B. Henriques
preview-18

  • A First-Class Catastrophe Book Detail

  • Author : Diana B. Henriques
  • Release Date : 2017-09-19
  • Publisher : Henry Holt
  • Genre : Business & Economics
  • Pages : 416
  • ISBN 13 : 1627791647
  • File Size : 19,19 MB
DOWNLOAD BOOK

A First-Class Catastrophe by Diana B. Henriques PDF Summary

Book Description: "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."--Dust jacket.

Disclaimer: www.yourbookbest.com does not own A First-Class Catastrophe books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

A First-Class Catastrophe

A First-Class Catastrophe

File Size : 43,43 MB
Total View : 6697 Views
DOWNLOAD

"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 w

Black Monday

Black Monday

File Size : 62,62 MB
Total View : 6390 Views
DOWNLOAD

Detailed reading about the events and factors involved in the devastating stock market crash of October 19, 1987.

Black Monday

Black Monday

File Size : 28,28 MB
Total View : 7583 Views
DOWNLOAD

In the wake of a globally disastrous plague involving a microbe that consumes oil while destroying all gas-operated machinery, the survival of the world's gover

The Black Monday Murders Vol. 1

The Black Monday Murders Vol. 1

File Size : 94,94 MB
Total View : 337 Views
DOWNLOAD

It's the first collection of the exciting new crypto-noir series, THE BLACK MONDAY MURDERS. All Hail God Mammon” pulls the covers back on the secret world of m