The stock market is central to the global economy. Tens of millions of people look to it to provide for a comfortable retirement. Central bankers watch it closely as they set monetary policy. Businesses around the world are forced to adjust the way they operate to meet the demands of equity investors. Yet very little has been written about how the modern global stock market came to be. In A History of the Global Stock Market, B. Mark Smith weaves an entertaining tale that ranges from medieval trading companies and nineteenth-century robber barons to modern theorists and international speculators. Here, Smith debunks the popular myth that the market is inevitably subject to recurring speculative bubbles and discredits the notion that the current "globalization" of the market is something radically different from what has occurred in the past.
Informative, entertaining, and written for specialists and non-specialists alike, A History of the Global Stock Market is a worthy read for anyone who wants to understand the role of the stock market in the global economy.
About this product: Think of it as a 180 mph race through racing history. To welcome NASCAR fans back to its airwaves in July 2007, ESPN will air a special, seven-hour programming extravaganza. The celebration kicks off in February with a five-month countdown of stock car racings 100 most significant moments. For diehard fans of the nations fastest growing sport, ESPN Ultimate NASCAR provides an irresistible sneak peak at the fireworks to comea turbo-charged, four-color, pedal-to-the-metal ride through sixty years of racetrack lore, featuring all of NASCARs royal familes: the Pettys, the Yarboroughs, the Allisons, the Earnhardts, and, of course, the Frances. From the sports birth in Daytona to the shocking crash that killed Dale Earnhardt, from the dirt track wizardry of Junior Johnson to the multi-billion dollar Nextel Cup showdowns of today, ESPN Ultimate NASCAR is a packed track of thrills, chills, spillsand occasional fistfightsall fueled by high octane photos and graphics.
About this product: This book is part of the Our Name in History series, a collection of fascinating facts and statistics, alongside short historical commentary, created to tell the story of previous generations who have shared this name. The information in this book is a compendium of research and data pulled from census records, military records, ships' logs, immigrant and port records, as well as other reputable sources. Topics include:
Name Meaning and Origin
Immigration Patterns and Census Detail
Family Lifestyles
Military Service History
Comprehensive Source Guide, for future research
Plus, the "Discover Your Family" section provides tools and guidance on how you can get started learning more about your own family history.
About the Series Nearly 300,000 titles are currently available in the Our Name in History series, compiled from Billions of records by the world's largest online resource of family history, Ancestry.com.
About this product: In 2001, the London Stock Exchange will be 200 years old, though its origins go back a century before that. This book traces the history of the London Stock Exchange from its beginnings around 1700 to the present day, chronicling the challenges and opportunities it has faced, avoided, or exploited over the years.
About this product: Rampant speculation. Record trading volumes. Assets bought not because of their value but because the buyer believes he can sell them for more in a day or two, or an hour or two. Welcome to the late 1920s. There are obvious and absolute parallels to the great bull market of the late 1990s, writes Galbraith in a new introduction dated 1997. Of course, Galbraith notes, every financial bubble since 1929 has been compared to the Great Crash, which is why this book has never been out of print since it became a bestseller in 1955.
Galbraith writes with great wit and erudition about the perilous actions of investors, and the curious inaction of the government. He notes that the problem wasn't a scarcity of securities to buy and sell; "the ingenuity and zeal with which companies were devised in which securities might be sold was as remarkable as anything." Those words become strikingly relevant in light of revenue-negative start-up companies coming into the market each week in the 1990s, along with fragmented pieces of established companies, like real estate and bottling plants. Of course, the 1920s were different from the 1990s. There was no safety net below citizens, no unemployment insurance or Social Security. And today we don't have the creepy investment trusts--in which shares of companies that held some stocks and bonds were sold for several times the assets' market value. But, boy, are the similarities spooky, particularly the prevailing trend at the time toward corporate mergers and industry consolidations--not to mention all the partially informed people who imagined themselves to be financial geniuses because the shares of stock they bought kept going up. --Lou Schuler
About this product: From the sand dunes of Daytona to today's ultra-modern superspeedways, this history of NASCAR covers America's favorite motorsport from its roots to its current status as a muti-billion-dollar industry. 250 photos, 200 in color.
About this product: Popular wisdom holds that, over time, the stock market outperforms any other method of investment, the key words being "over time"; folks who look to the stock market to get rich quickly are definitely playing with fire. Still, for those who like to live on the edge, Martin S. Fridson's book It Was a Very Good Year might offer some helpful hints for predicting a bumper year on Wall Street. Firstly, there are certainly patterns--most years in which stocks performed extraordinarily well began with extremely depressed stock prices--but never any guarantees. Fridson, an analyst and managing director at Merrill Lynch, illustrates this principle with plenty of anecdotes about those who struck it rich--and those who didn't. It Was a Very Good Year offers interesting and entertaining information about what makes the stock market tick but presents no ironclad system for making it big on Wall Street.
About this product: This fascinating book shows how the New York securities market, with its promise of great wealth and its equally devastating disappointments, is a vital link in the history of American economic growth.
About this product: This book is well-written and entertaining. I recommend it to anyone interested in the history of Sierra or the use of livestock, as well as to anyone who has spent time in the Sierra back country. The author does a wonderful job of presenting the facts in a manner that brings the era and the people alive. The history of packing is provided against the backdrop of the broader Sierra history, putting it in context that makes the role of packing clear.
About this product: - How much is enough for your retirement? - Will your portfolio expire before you do? - Are your retirement dreams appearing more and more to be false dreams?
A fresh look at retirement portfolios, based on one hundred years of market history. Extensive research using real data from 1900 to 1999 reveals that your retirement plan may be too optimistic.
Different techniques are analyzed for optimizing your portfolio. Empirical data reveals what you can expect from markets, setting aside all the hype from the financial-media complex.
You can also download a free retirement spreadsheet to estimate your best and worst-case scenarios after retirement.