On Money and Markets : A Wall Street Memoir

by Kaufman, Henry

• ISBN13: 9780071360494
• ISBN10: 0071360492
• Edition: 1st
• Format: Hardcover
• Copyright: 2000-04-30
• Publisher: MCGRAW HILL BOOK COMPANY

Summary

A leader’s 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. You’ll find On Money and Markets —Dr. Kaufman’s 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 today’s investors. And few other experts have Dr. Kaufman’s perspective and experience to answer them.

Author Biography

Henry Kaufman, Ph.D. is President of Henry Kaufman & Company, Inc., a New York-based investment management and economic and financial consulting firm.

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.