This Element is an excerpt from The Fearful Rise of Markets: Global Bubbles, Synchronized Meltdowns, and How To Prevent Them in the Future (9780137072996) by John Authers. Available in print and digital formats.
Why markets are more synchronized than ever before–and why that’s so terrifying.
World markets are synchronized, and far more prone to bubbles and meltdowns than ever. Why? In March 2007 I realized the world’s markets held each other in a tight, deadly embrace. One Bloomberg screen showed minute-by-minute action in the S&P 500. Then I called up a minute-by-minute chart of the yen’s exchange rate against the U.S. dollar. The chart was identical. What was going on?
- Title: The Fearful Rise of Synchronized Markets
- Release date: September 2010
- Publisher(s): Pearson
- ISBN: 9780132563468
You might also like
Interactive Data Visualization for the Web, 2nd Edition
Create and publish your own interactive data visualization projects on the web—even if you have little …
Python Crash Course, 2nd Edition
This is the second edition of the best selling Python book in the world. Python Crash …
Head First Design Patterns, 2nd Edition
You know you don’t want to reinvent the wheel, so you look to design patterns—the lessons …
Building Microservices, 2nd Edition
Distributed systems have become more fine-grained as organizations shift from code-heavy monolithic applications to smaller, self-contained …