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Commentary Topic from greenfaucet

Lessons from the Panic of 1907

In their timely look at the panic of 1907, Robert Bruner and Sean Carr focus attention on what they believe to be the underlying causes of the '07 stock market crash and recession, drawing parallels between it and the credit crisis of more recent times.  Their book, "The Panic of 1907: Lessons Learned from the Market's Perfect Storm," is now available in soft cover published by John Wiley & Sons (2007). The authors list seven contributing factors to the 1907 crisis: 1.)    Complexity 2.)    Buoyant economic growth