THE MARKET'S REVENGE - After flourishing during the past few years, Wall Street today is looking like a hit-and-run victim. Once the Fed hiked rates, market pros began getting a savage comeuppance, as complex, computerdriven instruments turned on their inventors: Losses in global currency trading led to a sell-off in bonds, then to a mad scramble to get liquid. Will the markets settle down--or ...
Year of publication:
Business week : BW. - New York, NY : McGraw-Hill, ISSN 0007-7135, ZDB-ID 2402762. - 1994 (18.04.), p. 32-36