The Day the Markets Roared

How a 1982 Forecast Sparked a Global Bull Market

Henry Kaufman, David B. Sicilia

$49.99

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

BenBella Books
15 September 2021

Biography: historical, political & military; Interdisciplinary studies; Finance & accounting; Business & management

"Legendary economist Dr. Henry Kaufman shares a classic Wall Street story that has never been fully told: a firsthand account of the day in August 1982 that would define US economics for decades

cartoons, had cameos in drama productions and two seminal literary works of the 1980s, was subject to death threats, and enjoyed the nickname ""Dr. Doom."" His pinnacle of influence arrived on August 17, 1982.

That single day turned out to be the beginning of the world that we now live in. At the time, after painful years of high interest rates and the inflation of the late 1960s and 1970s, consumers were paying 17 percent and higher to borrow money. But by the end of one summer day almost 40 years ago, the stock market had undergone its second-biggest rally since WWII, while bond prices soared and interest rates plunged. Dr. Kaufman himself had written a memo that sparked this tremendous boom-and it set the global markets on fire, marking the start of almost four decades of US economic growth.

answers the questions:

Why did Dr. Kaufman break with his longstanding bearish views to make a momentous prediction that spurred blaring headlines everywhere from Brazil to Beijing? How could a private individual exercise such profound influence over global financial markets? How did we get to today's rock-bottom and even negative rates? And what is their continuing impact on the economy, our financial markets and our livelihoods?

The Day the Markets Roared is a firsthand, minute-by-minute account of one remarkable day in financial and economic history, with a rich cast of characters, from Salomon's John Gutfreund to interest rate guru Sydney Homer, to Dr. Kaufman's longtime friend, Fed Chairman Paul Volcker. Dr. Kaufman reflects on the lessons of the historic August 1982 episode, harkening back to a more optimistic moment in American history, and offering inspiration for better times ahead."

By: Henry Kaufman, David B. Sicilia
Imprint: BenBella Books
Country of Publication: United States
Dimensions: Height: 236mm, Width: 159mm, Spine: 20mm
Weight: 397g
ISBN: 9781953295088
ISBN 10: 1953295088
Pages: 216
Publication Date: 15 September 2021
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

"Dr. Henry Kaufmanis the most famous economist Wall Street has ever seen. As senior partner, chief economist, and director of research at Salomon Brothers, then the most profitable investment bank in the world, his fame extended well beyond the financial industry and into popular culture. He was the subject ofNew Yorkercartoons, had cameos inBonfire of the VanitiesandLiar's Poker, two seminal literary works of the 1980s, was subject to death threats and featured in drama productions, and enjoyed the nickname ""Dr. Doom."" David B. Siciliais associate professor in the department of history and Henry Kaufman Chair of Financial History at the Robert H. Smith School of Business. His research and teaching center on business, economic, and technology history, with a special emphasis on the history of capitalism and finance. He divides his teaching between the history department and the Smith School."