Booms, Bubbles and Busts in US Stock Markets
Routledge – 2004 – 256 pages
In 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.
A user-friendly overview of the inner workings of the US stock market, this book examines the current market 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.
1. The Recent Bubble Era 2. The 1990s:The Great Bull Run 3. Valuation Methods and Investment Strategies 4. The Bubble Era: How Rational? 5. The New Economy: Has it arrived? 6. Governance Issues and: Old and New 7. The Federal Reserve in Unchartered Waters 8. Shifting Ground Beneath the Federal Reserve 9. Evaluating the Greenspan Years: 1987-2004 10. The Great Asset Price Bubble of 1929 11. Lessons From Japan's Financial Crisis 12. The Asian Bubble and Crisis 13. U.S. Stock Markets: Where from here?