Synopses & Reviews
A leaders provocative look at 20th century financial markets
Henry Kaufman, former vice Chairman of Salomon Brothers, was a key Wall Street figure in the 70s and 80s. His projections about interest rates, bond performance, unemployment, and government debt impacted monetary policy in more than one presidential administration, and prompted swings in the markets. Youll find On Money and Markets Dr. Kaufmans look back at the financial and economic arenas he helped shape for half a century both fascinating and valuable. His memoir gives you insight into such questions as why the Federal Reserve has gained so much power, and what it means for investors....and what patterns we can see in the credit crunches and other financial crises that have rocked Wall Street and world markets. The dozen or so questions he explores are of serious concern to todays investors. And few other experts have Dr. Kaufmans perspective and experience to answer them.
Synopsis
In Dr. Kaufman's long-awaited memoir, the celebrated economist provides his views on a wide range of world economic issues, from the future of the Euro to the unseen perils within today's U.S. stock market.
Description
Includes bibliographical references (p.363-382) and index.
Table of Contents
Foreword by Paul A. Volcker, former Chairman of the Federal Reserve.
From the Nazi Germany of the New World.
The Road to Wall Street.
The Growth and Transformation of Markets.
The Derivatives Revolution.
The Corporatizing of Wall Street.
Salomon's Growing Pains.
The Americanization of Global Business and Finance.
The Rise of Financial Forecasting.
Forecasting and the Great Bull Market.
The Fed's Rise to Dominance.
Shortcomings of Fed Policy.
The Urgent Need for REgulatory and Supervisory Reform.
Learning from Financial Crises.
Learning from the Financial Excesses of the 1980s and 1990s.
The Role of Bias in Economics and Finance.
Neglected Financial Lessons.
Financial Institutions in the New Century.
Looking to the Future.
Bibliography.
Speeches, Articles, and Published Interviews by Henry Kaufman.
Index.