A scathing dissection of the wheeling and dealing in the world\'s greatest financial center. Spot rates, zero coupons, blue chips, futures, options on futures, indexes, options on indexes. The vocabulary of a financial market can seem arcane, even impenetrable. Yet despite its opacity, financial news and comment is ubiquitous....

Journalist Doug Henwood\'s withering postmortem of the New Economy. Rarely a day went by in the dizzy 1990s without some well-paid pundit heralding the triumphant arrival of a \"New Economy.\" According to these financial mavens, an unprecedented technological and organizational revolution had extinguished the threat of recession forever....

Economist Doug Henwood scrutinzes the 1990s and brilliantly dissects the so-called \"new economy.\" During the 1990s boom, we heard constantly about the New Economy. A technological and organizational revolution that precipitated an unprecedented era of rapid productivity growth and rendered recessions as obsolete as rotary-dial phones....