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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Simon who wrote (16043)	7/23/1998 5:25:00 PM
From: John Hunt	Read Replies (4) \| Respond to of 18056

Galbraith on crashes, Japan and walking sticks reports.guardian.co.uk << John Kenneth Galbraith is approaching his 90th birthday. He carries a stick now - "to enhance my dignity, not for necessity," he insists. And he happily boasts that The Great Crash, the book Galbraith wrote 40 years ago about the stock market slump of 1929, has never been out of print. "Whenever it seemed in danger of being relegated to the back shelf, there was another episode which fostered a new edition," he says. Galbraith was in London last week. He pointed out that a key theme of the book, that euphoria begets disaster, is as relevant now as ever. "This is a time when banks, other financial institutions and corporations get caught up in euphoria, go beyond the law or common sense," he said. >> View from over the pond.