It was an evening in the mid-1970s and I was riding with my dad in his pickup. The AM radio was tuned to 1180 WHAM and Ed Hasbrouck’s talk show was on. The topic was the American economy, which at that moment wasn’t doing very well. Ed was recalling the bank failures of the Great […]
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Three Days on Wall Street
Twenty-one years ago this month, Wall Street plummeted, losing 508 points in one day. We beat that record Monday, when the market lost 777 points. The difference is that in 1987, the market was trading between 2,000 and 3,000 points, whereas Monday – or before Monday – the market was hovering around 11,000 points. I […]