Booms, Bubbles and Busts in the US Stock Market

An extremely user-friendly overview of the ins and outs of one of the discipline's favorite institutions - the US stock market. Things have changed a great deal since the heady days of the 1980's 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. Hatches are beings battened down and September 11th has only added to the gloomy mood. In this book, Western examines the current conditions before looking back to the events of the last century - The Great Depression, the 1970s oil crisis, the party-for-the-rich atmosphere of the 1980's and the emergence of the new economy. There are also useful comparisons to other world regions.