Books on stock markets come in many varieties. The vast majority is on technical analysis. They are all of the same kind (we have reviewed one here). Then there are books about successful traders (autobiographical or otherwise), which are very inspiring. A small number is on market history. And there are a handful of titles that correlate economics with markets. This book is one of those...

Comparing the last boom in 1994 and that of today makes little sense

During 1994-96, over-extended bank credit, trade deficit, rising inflation and property speculation led to a recession. These issues are now back. But the outcome may not be the same. Are we close to the end of the first phase of the beginning of a long-term boom in emerging markets or the beginning of the end of that boom?...