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Booms, Bubbles and Busts in the US Stock Market

Why did US stock markets experience such a huge bubble in the 1990s? Why did Greenspan 'allow' the bubble to occur? Why did investors appear to act irrationally and indulge in such vehement speculations? Why the euphoria?

This book examines the American stock market during one of its most intriguing periods. By turning his critical eye upon the rise of the stock market bubble during the 1990s boom years and its inevitable crash some years later, David L. Western has written a scholarly yet readable book. Providing historical background as well as solid statistical research, the book helps to explain the mysteries of the stock market in an authoritative manner.

Advanced undergraduate and postgraduate and postgraduate students will find this to be an enlightening read, whilst readers with an interest in how the biggest economy in the world got things badly wrong will find this to be a book that remains useful as a reference for many years to come.

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