Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (26572)	12/27/2002 10:48:35 PM
From: Raymond Duray	Read Replies (1) of 74559

Hi elmat, Re: The Skeletons of the '90's..... This is a fun list. Can I suggest a few additions? WTO, NAFTA, the U.S. PSLRA of 1995 (a wonderful get-out-of-jail free card for accountants and lawyers), Deutschland's Neuermarkt (soon to be in the graveyard of financial innovations), World Bank/IMF interventions and regional currency de-stabilizations all had interesting impacts. And let's not forget LTCM and the amazing development of the financial derivatives markets. As well as the wonderful example of cowboy capitalism in Russia. And the hysterical crescendo for the telecom bubble, i.e. the 3G auctions in Europa. Reflecting back, it most certainly was an exciting and sometimes insane decade in the financial markets. Cheerio! Ray

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