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![loading](/sites/all/modules/hf_eds/images/loading.gif)
Dr. Kaufman's guide for the perplexed.
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![loading](/sites/all/modules/hf_eds/images/loading.gif)
- Author(s): Johnston, George Sim
- Source:
Harvard Business Review. Nov/Dec86, Vol. 64 Issue 6, p6-8. 3p.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Subject Terms:
- Abstract: Henry Kaufman, chief economist at Salomon Brothers, is known on Wall Street as Dr. Doom, a title he justifies in "Interest Rates, the Markets, and the New Financial World." Surveying the mauled landscape of the credit markets, he finds nothing good to say about the financial practices of the last decade. He condemns public and private debtors for their massive borrowing sprees, and he points out worrisome fault lines in our pyramids of debt. In the process, he also provides a useful guide to the new rules of investing. Dr. Kaufman ascribes his own most strongly held views, like his wariness of inflation, to his childhood in Weimar Germany. In this review--essay, Sim Johnston shows how Dr. Kaufman's political leanings also color his apocalyptic views. Johnston commends the book to investors and economists alike, recommends it as an antidote to cant, and places it among the best writing on and about Wall Street. [ABSTRACT FROM PUBLISHER]
- Abstract: Copyright © Harvard Business Publishing. All Rights Reserved. This content is intended for individual research use only, subject to the following: Unless permission is expressly granted in a separate license, this content may NOT be used for classroom or teaching use, which includes teaching materials, electronic reserves, course packs or persistent linking from syllabi. Please consult your institution's librarian about the nature of relevant licenses held by your institution and the restrictions that may or may not apply.Unless permission is expressly granted in a separate license, this content may NOT be used in corporate training and/or as corporate learning materials. For corporate users, please consult the specific terms of your company's license(s) for complete information and restrictions. For more information and teaching resources from Harvard Business Publishing including Harvard Business School Cases, eLearning products, and business simulations please visit hbsp.harvard.edu. (Copyright applies to all Abstracts.)
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