”THE PANIC OF 1907,” a vivid history of a crash 100 years ago, landed on my desk just before the U.S. Federal Reserve lowered the discount rate last week. The timing was right for a book that describes how panics arise-and what it takes to arrest them.
As a mountain of shaky mortgages subsided into a sinkhole this month, I had started counting Bloomberg stories in which market pros uttered the word ”panic.” My tally peaked at 63 the day before the Fed cut, then ticked down to 17 by this Wednesday as credit conditions eased.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
