Download Wall Street epub book
Author: Doug Henwood
ISBN13: 978-0614282368
Title: Wall Street
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ePUB size: 1697 kb
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Language: English
Category: Politics and Government
Publisher: Verso; 1st edition (1997)

Wall Street by Doug Henwood

Doug Henwood's engaging book is a razor-sharp dissection of the world of high finance. Henwood has the natural-born teacher's ability to make the obscure transparent. - Gary Mongiovi, The Nation. If Karl Marx wrote as well as Doug Henwood, who knows what course history might have taken? - - James Grant, author of The Trouble with Prosperity.

A scathing dissection of the wheeling and dealing in the world's greatest financial center. Spot rates, zero coupons, blue chips, futures, options on futures, indexes, options on indexes. To these questions Wall Street answers an emphatic yes. Its author Doug Henwood is a notorious scourge of the stock exchange in the pages of his acerbic publication Left Business Observer. The Newsletter has received wide acclamation from . it's tragic that you exist.

Doug Henwood (born December 7, 1952) is an American journalist, economic analyst, and financial trader who writes frequently about economic affairs. This was followed in 1997 by Wall Street (Verso Books), in which Henwood described the workings of high finance, and then by After the New Economy (The New Press, 2003), an analysis of the 1990s boom and bust. Henwood's most recent book is My Turn: Hillary Clinton Targets the Presidency (Seven Stories Press, 2016).

Doug Henwood's engaging book is a razor-sharp dissection of the world of high finance.

With compelling clarity, Henwood dissects the world's greatest financial center, laying open the Intricacies of how, and for whom, the market works. The Wall Street which emerges is not a pretty sight. Hidden from public view, the markets are poorly regulated, badly managed, chronically myopic and often corrupt. And though, as Henwood reveals, their activity contributes al With compelling clarity, Henwood dissects the world's greatest financial center, laying open the Intricacies of how, and for whom, the market works.

Other readers will always be interested in your opinion of the books you've read. Whether you've loved the book or not, if you give your honest and detailed thoughts then people will find new books that are right for them. 1. Учебник по дэйтрейдингу: Низкорисков. стратегии для торговли акциями и фьючерсами. Льюис Борселино при участии Патриции Крисафулли.

Doug Henwood has a talent, remarkable as it is rare among observers of the financial scene, for making the obscure clear, the complicated simple and the arcane understandable. His irreverent take on Wall Street is a provocative challenge to conventional wisdom that's great fun to read. Alan Abelson, Barron's columnist. That figure - which captures most of the world’s financial action with the .

Doug Henwood's engaging book is a razor-sharp dissection of the world of high finance Henwood has the natural-born teacher's ability to make the obscure transparent.

Reviews: 7
Ten years have passed since the publication of Henwood's paperback edition. In economic terms, that's an eon, so why bother in 2008 with a 10-year old book, given all that's happened financially in the meantime. Mainly, I wanted insight into how Wall St. really works. For a layperson such as myself, the lexicon and mechanics of the stock market are as untranslateable and arcane as the Runic alphabet. However, I didn't want one of those texts that uncritically repeats the official version every time a probing question appears-- you know, about how the market sends investment signals while directing funds into the most promising sectors of production. Sounds good, but I've been around long enough to separate theory from reality and recognize a self-serving statement when I see one.

So I picked up Henwood's tome for two reasons: the first three chapters define the basic lexicon and mechanics of the market, while the remainder presents contrasting points of view on how the markets really function. Sure, in the latter context, Henwood has positive things to say about capital's arch-enemy Marx, but considering how wealth is actually distributed-- or more accurately, not distributed-- Marx deserves a hearing, along with other critics, notably Keynes. How ironic that we as a culture are so quick to blame Marxist theory for its practical failings, but refuse to blame official capitalist theory for its 300 years of gross inequality and trickle-down. But then, I guess that's the function of apologetics, which among other benefits does offer the "exogenous" ready employment.

The first three chapters worked pretty well for me. I'm somewhat more conversant about "derivatives", "calls", "puts" and the rest. But I would advise other interested neophytes to pay attention in those boring highschool or college classes that really teach at the elementary level because Henwood does assume a certain level of sophistication in those explanatory opening chapters. Then too, the text is interlarded with refinements of one sort or another, e.g. "q-ratio", that may illuminate at a more advanced level, but nonetheless, cloud the explanatory level. But what there is of a disparity probably lies more with my hopes rather than with Henwood's exposition.

The discussion section, particularly the chapter on "renegades", is itself worth the purchase price. Both there and in the succeeding chapter, Henwood presents data and theory showing why and how Wall St. diverges from the official version of the securities markets. There's plenty here to mull over, and I agree with the reviewer who said the book should be required reading at business schools (fat chance!). The value of these heterodox perspectives remains as important now as 10 years ago, given the current crisis in the derivitives markets and its capacity to bleed through the entire financial system. In that key sense-- i.e. as deeper background to recent developments-- the book, I'm happy to say, hasn't dated at all.
This book will not teach you how to pick stocks. Rather, it offers an unusual and deep perspective on how the markets (mal)function. Although the author has a clear anti-capitalistic (or more specifically anti-current-incarnation-of-capitalism) bias, the book is well written and researched. I believe the information it contains is extremely relevant today. The author makes a number of valid, undeniably prescient points, even if I am not quite sure that the solutions he offers would necessarily lead to the desired outcomes. A fair warning: readers who cannot bear anything philosophically related to Marxism may experience allergic reactions. For those students of the markets willing to keep an open mind, Mr. Henwood's book is a must-read.
This book is a classic. Some of the numbers are a few years old, but the institutional factors described by Doug Henwood, who runs an excellent website which features a weekly radio show and podcast that has some of the most knowledgeable and interesting guests, are as important to understand and as true as ever. I highly recommend his podcast/radio show, and enjoy his presentation, writing style, and contributions.
If you like a lot of information and can stay focused while reading a very detailed book this is very good. I have read 3 books on Wall Street and this is one of the best.
SO incredibly boring.
As the title indicates, this book is an introduction to Wall Street - how it works and for whom. The book is composed of seven chapters as follows:

1- Instruments: This chapter covers the range of instruments traded on Wall Street, such as stocks, bonds, derivatives, currencies etc.

2- Players: This chapter covers the main stakeholders including households, nonfinancial business, financial institutions, the government etc.

3- Ensemble: This chapter discusses how the markets are intertwined, with a focus on credit, finance and the economy, allocation etc. It also includes a sample trading week to put these concepts into action.

4- Market Models: This chapter presents the numerous financial models that have been devised to simulate the market. It also discusses features of these markets, namely efficiency, disinformation, noise, fads, and bubbles.

5- Renegades: This chapter discusses in detail the Keynesian view of the markets, as well as those of Marx.

6- Governance: This chapter is about Corporate Governance, with a section on the relation of Wall Street and the government.

7- What is (not) to be done?: This last chapter includes the author's thoughts on a number of economic issues such as social security, the Fed, investing socially, taxation, corporate transformation.

The breadth of topics discussed within this book is commendable, backed by a plethora of references for further reading in areas of interest. Chapters 1 and 2, serve as a great introduction and primer on the financial markets. The insight, stories and practical example presented make this book accessible. A final, and important comment to keep in mind, is that the author presents the content of the book (particularly the later chapters) from a leftist perspective.