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The Resource A First-Class Catastrophe

A First-Class Catastrophe

Label
A First-Class Catastrophe
Title
A First-Class Catastrophe
Creator
Subject
Summary
The definitive account of the crash of 1987, a cautionary tale of how the US financial system nearly collapsed—from the bestselling author of The Wizard of LiesMonday, 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 one-day loss of nearly 5,000 points today.Black Monday was more than seven years in the making and threatened nearly every US financial institution. Drawing on superlative archival research and dozens of original interviews, Diana B. Henriques weaves a tale of missed opportunities, market delusions, and destructive actions that stretched from the "silver crisis" of 1980 to turf battles in Washington, a poisonous rivalry between the New York Stock Exchange and the Chicago Mercantile Exchange, and the almost-fatal success of two California professors whose idea for reducing market risk spun terribly out of control. As the story hurtles forward, the players struggle to forestall a looming market meltdown, and unexpected heroes step in to avert total disaster.For thirty years, investors, regulators, and bankers have failed to heed the lessons of 1987, even as the same patterns have resurfaced, most spectacularly in the financial crisis of 2008. A First-Class Catastrophe offers a new way of looking not only at the past, but at our financial future as well
Accompanying matter
technical information on music
http://library.link/vocab/creatorName
  • Henriques, Diana B
  • Zackman, Gabra
http://library.link/vocab/subjectName
  • Business
  • Nonfiction
  • Economics
Label
A First-Class Catastrophe
Instantiates
Publication
Capture and storage technique
digital storage
Configuration of playback channels
unknown
Dimensions
not applicable
Form of item
electronic
Groove width / pitch
not applicable
http://library.link/vocab/inputERC
True
Isbn
9781538434284
Kind of cutting
not applicable
Kind of disc cylinder or tape
not applicable
Kind of material
other
http://library.link/vocab/resourcePreferred
True
Special playback characteristics
unknown
Specific material designation
  • other
  • remote
Speed
unknown
Tape configuration
not applicable
Tape width
not applicable
Label
A First-Class Catastrophe
Publication
Capture and storage technique
digital storage
Configuration of playback channels
unknown
Dimensions
not applicable
Form of item
electronic
Groove width / pitch
not applicable
http://library.link/vocab/inputERC
True
Isbn
9781538434284
Kind of cutting
not applicable
Kind of disc cylinder or tape
not applicable
Kind of material
other
http://library.link/vocab/resourcePreferred
True
Special playback characteristics
unknown
Specific material designation
  • other
  • remote
Speed
unknown
Tape configuration
not applicable
Tape width
not applicable

Library Locations

    • Des Moines Public Library CentralBorrow it
      1000 Grand Avenue, Des Moines, IA, 50309, US
      41.5860906 -93.63119350000001
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