Summary of John Brooks's The Go-Go Years

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#1 On April 22, 1970, Henry Ross Perot of Dallas, Texas, suffered a paper stock-market loss of about $450 million. He still had, on paper, almost a billion dollars left after the loss, but that wasn’t the point. The point was that his one-day loss amounted to more than the total assets of any charitable foundation in the country.

#2 On April 22, Earth Day, a group of conservationist leaders had picked April 22 as a day of national dedication to the cause of eliminating pollution.

#3 The first My Lai revelations were five months old, and the New Haven riot was about to begin that same day. The stock market had fallen drastically, and the dollar was in bad shape in the international markets.

#4 The parallels between the crashes of 1929 and 1969 are clear. In each case, there were insider manipulators who used privileged information and superior market technique to manipulate stock prices and deceive the public.

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Data di uscita

Ebook: 4 maggio 2022