On Monday, October 19, 1987, world markets starting with Hong Kong suffered heavy losses. When it came time for New York markets to open, there was carnage. The Dow Jones Industrial Average dropped 508 points, more than 21%, in just one day.
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Maestro: Greenspan's Fed and the American Boom by Bob Woodward.
Bob Woodward called his biography of Federal Reserve chairman Alan Greenspan Maestro for two reasons. First, Greenspan is a musician. He started out a...