Irrational Markets and the Illusion of Prosperity (Hardcover)

Irrational exuberance - the now-famous utterance of Alan Greenspan, referred to the seemingly unending upward spiral of the stock market. As every investor knows, the stock market plummeted after this comment was made, only to recover and exceed every known record over the next year. Nothing, it appears, could keep this market down: not inflationary pressures, concerns over the Asian economic crisis, lack of earnings in many companies, nor elevated stock prices. Nothing, it seems, could stop investors in their passion for bidding up prices of stocks, especially technology and telecommunications. This text warns that Americans are living in an economic dreamland, and that the long bull market and low unemployment levels have only masked a disturbing economic reality - in short, we're in for a rude awakening. Based on extensive research, the book is intended to be sobering reading for any current or would be investor.

General

Imprint:	Routledge Member of the Taylor and Francis Group
Country of origin:	United States
Release date:	2001
First published:	2001
Authors:	Don Devitto
Dimensions:	229 x 152 x 13mm (L x W x T)
Format:	Hardcover
Pages:	180
ISBN-13:	978-1-57958-175-6
Categories:	Books > Business & Economics > Finance & accounting > Finance > Investment & securities > Stocks & shares Books > Money & Finance > Investment & securities > Stocks & shares
LSN:	1-57958-175-7
Barcode:	9781579581756

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