Cart
Free Shipping in Australia
Proud to be B-Corp

Wall Street Doug Henwood

Wall Street By Doug Henwood

Wall Street by Doug Henwood


$29.49
Condition - Like New
Out of stock

Summary

Beginning with a guide to the institutions and products of modern finance, from old-fashioned stocks and bonds to new exotica such as swaptions, this text reviews the 1980s' fetishing of the deregulated market as the ultimate decision-making process for productive investment.

Wall Street Summary

Wall Street: How It Works and for Whom by Doug Henwood

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.' With compelling clarity, Henwood dissects the world's greatest financial center, laying open the intricacies of how, and for whom, the market works. The Wall Street which emerges is not a pretty sight. Hidden from public view, the markets are poorly regulated, badly managed, chronically myopic and often corrupt. And though, as Henwood reveals, their activity contributes almost nothing to the real economy where goods are made and jobs created, they nevertheless wield enormous power. With over a trillion dollars a day crossing the wires between the world's banks, Wall Street and its sister financial centers don't just influence government, effectively they are the government.

Wall Street Reviews

A razor sharp dissection of the world of high finance ... Henwood has the natural-born teacher's ability to make the obscure transparent. * THE NATION *
With a minimum of rhetoric once he gets rolling, Henwood does a regular Michael Jordan - making the devilishly difficult look easy, explaining the complications of high finance so lucidly that the system condemns itself. * SAN FRANCISCO BAY GUARDIAN *
Henwood has always been brilliant at the sort of unadorned insight that makes commerce come alive. Wall Street is brimming with such revelations, one after the other proving a central fact: capitalism is dirty. * VILLAGE VOICE *
Wall Street mavens who hate challenges to their self-serving world view will not enjoy this book ... Anyone possessing an even slightly open mind will find its inventory of the financial instruments, players and consequences of the stock market a refreshing and informative break from the usual claptrap of financiers and financial journalists. * KIRKUS REVIEWS *

About Doug Henwood

Doug Henwood is a journalist who has contributed frequently to The Nation and broadcasts a weekly radio show covering economics and politics on New York's WBAI. He is the author of The State of the USA Atlas and the editor of Left Business Observer.

Additional information

GOR013413545
9780860916703
0860916707
Wall Street: How It Works and for Whom by Doug Henwood
Used - Like New
Paperback
Verso Books
19980617
382
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
The book has been read, but looks new. The book cover has no visible wear, and the dust jacket is included if applicable. No missing or damaged pages, no tears, possible very minimal creasing, no underlining or highlighting of text, and no writing in the margins

Customer Reviews - Wall Street