Wall Street capitalism
Subtitle: the theory of the bondholding class
By: E. Ray Canterbery
Publisher: World Scientific
Published: 2000
Place of publication: Singapore; River Edge, N.J
Language: eng
Format: [electronic resource] :
Number of pages: 327
ISBN-13: 9780585459165; 9789812384812
Subjects: Board of Governors of the Federal Reserve System (U.S.); POLITICAL SCIENCE; Economics; Economic policy; Monetary policy; Economic Conditions; Bond market; Comparative; BUSINESS & ECONOMICS; Economic History
Description: Breaking the chains of the bond market ... This book goes behind the headlines of the Wall Street Journal to unmask the "bondholding class". Insulated from criticism by a self-serving ideology, the bondholders have redefined the indicators of economic well-being decidedly in Wall Street's favor. Created out of the fiscal folly of Reaganomics, fortified by Federal Reserve officials, and patronized by the Clinton Administration, the bondholding class invented the "Goldilocks economy" (never too hot, never too cold). As this powerful class has amassed the greatest wealth in history, ordinary American.
Notes: Includes bibliographical references and index.

Description based on print version record.
Table of contents: title: Preface; Introduction; I. THE BOND MARKET: A NEW AMERICAN ICON; 1. Goldilocks and the Good News Bears; 2. The Windows of Chevy Chase Country Club; 3. The Sacred College of Bonds and Money; II. WALL STREET FACILITATES THE TAKEOVER BY THE BONDHOLDERS; 4. Money and Wall Street s Bonding: A Love story; 5. A Wall Street-Federal Reserve Experiment Creates a Monster; 6. The Rise of the Bondholding Class; 7. The Final Assault on the Clinton White House; III. THE BAD NEWS FOR ORDINARY PEOPLE; 8. Surfing Today s Volatile Bond Market; 9. Risks Become Palpable as Bonds are Traded for Chips.