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File Format | PDF
File Size | 1.08 MB
Pages | 382
Language | English
Category | Stock market
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Description: A scathing
dissection of the wheeling and dealing in the world’s greatest financial
center. Spot rates, zero coupons, blue chips, futures, options on futures,
indexes, options on indexes. The vocabulary of a financial market can seem
arcane, even impenetrable. Yet despite its opacity, financial news and comment
is ubiquitous. Major national newspapers devote pages of newsprint to the
financial sector and television news invariably features a visit to the market
for the latest prices.
Does this
prodigious flow of information have significance for anyone except the tiny
percentage of people who have significant holdings of stocks or bonds? And if
it does, can non-specialists ever hope to understand what the markets are up
to? To these questions Wall Street answers an emphatic yes.
Its author Doug
Henwood is a notorious scourge of the stock exchange in the pages of his
acerbic publication Left Business Observer. The Newsletter has received wide
acclamation from J.K. Galbraith, among others, and occasional less favorable
comment. Norman Pearlstine, then executive editor of the Wall Street Journal,
lamented, ‘You are scum ... it’s tragic that you exist.’
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Wall Street: How It Works and for Whom
Download | Free
