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To: k_maxwell who wrote (7234)3/7/2000 9:48:00 PM
From: nihil  Respond to of 24042
 
September 4:[1987] In a signal taken by the financial community to mean that the new chairman of the Federal Reserve Board, Alan Greenspan, will be as tough on inflation as his predecessor, the board raises the discount rate from 5.5 to 6 percent.
October 19. [1987] Black Monday. The DJIA falls 508 points on Wall Street; world stock markets follow...

(Paul Volcker and Toyoo Gyohten , Changing Fortunes p. 359. 1992)