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Vissa dagar är lite mer än andra.

Uppdaterat: 21 juni 2023

Går från mitt arbete nu. Solen ...vilken härlig uppfinning plus i kanten till den som gjorde det. Fantastiskt vackert på Stockholms gator just nu. Så lungt när jag strosar ner för drottninggatan människorna ler och är glada. Sammanfattar min dag, det känns bra.


Jag har googlat lite på Wikipedia och kom över en text om vad som hände den där svarta måndagen 1987. Trevlig läsning.

Black Monday

Date

October 19, 1987

Type

Stock market crash

Outcome

Stock markets crash worldwide, first in Asian markets other than Japan, then Europe, then the US, and finally Japan

Dow Jones Industrial Average falls 508 points (22.6 percent), the largest one-day drop by percentage in the index's history.

Federal Reserve provides market liquidity to meet unprecedented demands for credit.

Dow Jones begins to recover in November 1987.

NYSE institutes rule regarding trading curbs in 1988.

Possible explanations for the initial fall in stock prices include a nervous fear that stocks were significantly overvalued and were certain to undergo a correction, persistent US trade and budget deficits, and rising interest rates. Another explanation for Black Monday comes from the decline of the dollar, followed by a lack of faith in governmental attempts to stop that decline. In February 1987 leading industrial countries had signed the Louvre Accord, hoping that monetary policy coordination would stabilize international money markets, but doubts about the viability of the accord created a crisis of confidence. The fall may have been accelerated by portfolio insurance hedging (using computer-based models to buy or sell index futures in various stock market conditions) or a self-reinforcing contagion of fear.

The degree to which the stock market crashes spread to the wider (or "real") economy was directly related to the monetary policy each nation pursued in response. The central banks of the United States, West Germany and Japan provided market liquidity to prevent debt defaults among financial institutions, and the impact on the real economy was relatively limited and short-lived. However, refusal to loosen monetary policy by the Reserve Bank of New Zealand had sharply negative and relatively long-term consequences for both its financial markets and real economy.[5]

United States

International

Causes

Aftermath

See also

Footnotes

References

Sources

Further reading

External links

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