Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy

October 19, 1987, is known as Black Monday, the day the New York Stock Exchange suffered the worst crash in history, with a banf that echoed around the world. The Dow Jones Index (the Dow in short) then sank 22.6 percent, almost double the single-day drop in the motorious crash of 1929. From toronto to Tokyo. London to Sydney, Buenos Aires to Brasilia, share markets shed tears, mourning the demise of the Dow. Wall Street and investors across the globe agonized over a bleak future. They had been caught off guard, because no financial wizard had foreseen the debacle. But in one of financial history’s biggest ironies, Black Monday launched