The Panic of 1907: Lessons Learned from the Market's Perfect Storm @ richardeward.com

The Panic of 1907: Lessons Learned from the Market's Perfect Storm
by Robert F. Bruner, Sean D. Carr
from Wiley

Customer Reviews:

• Avg. Customer Rating: 4.5 / 5.0

• Great Background on the Industry Leaders of the Time!
  This book might as well have been named: "How J.P. Morgan saved the world from crisis." It was very well written and very interesting. I thought it was great that the author gave us a background on the major industry leaders at this time as they were more powerful than the U.S. Government (financially anyways). This time was a whole different time and I was immersed into the story throughout the book and wanted more at the end.

• Panic of 1907: History and Lessons
  The Panic of 1907 begins with the roaring economy at the time---the boom that always comes before the bust. Then comes the initial shock---the San Francisco Earthquake---which shook not only the ground and brought down the buildings but put new strains on an already stretched capital market with new demands for money.
  The overstretched capital market exposed a short selling stock scam in the shares of United Copper Co., an "on the curb" or what we would call a "pink sheet" stock today. This had been... more info

• Learn from the past
  This book gave me huge insight into our nation's current situation as the names may have changed the general issues have not and maybe we can learn from that.

• A nice lesson in economics
  This small book does a good job of explaining the Panic that led to the creation of the Federal Reserve Bank. In 1907, JP Morgan was powerful enough, and the world of finance was small enough, that one man could stem the tide. He was 70 years old and had had enough experience to know what to do. His reputation was such that others would take his advice. The story is well told and I was willing to give the authors one more star for their observation that John Maynard Keynes' 1936 recommendation for... more info

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