Bang, Wallop, Crash
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Ever wanted to understand the anatomy of a market crash?
Or perhaps just interested in how “The City” of London became what it is today?
If the Eighties was the decade that has defined the years ever since, then it was ’86 & ’87 that defined the 1980’s.
To experience the enormity of the almost daily changes and how they transformed British culture, both popular and business, into what it is today, like:
- How the current foundations were laid in Gilts, Equities and LIBOR
- The rise of regulation, derivatives and technology
- The onset of private ownership of property and shares
- Conglomerate creation and the culture changes, both bonus and work.
- The new terraforming of industry and culture
These were extraordinary times, and extraordinary events, none of which have been accurately and definitively documented, until now.
So, you will discover how they all contributed towards the path taken leading to the market crash, and how many staggering parallels there are between 1987 and 2020, revealing what we haven’t learnt, should have done differently or what we could have done better.
Description
Bang, Wallop, Crash Synopsis
The Definitive story of the Big Bang and the subsequent Great Storm of 1987 and the ensuing Stock Market Crash.
By understanding, and appreciating the history, then one can see the similarities taking place today, with perhaps the LIBOR reforms taking the role of the Big Bang, and Brexit in place of the Great Storm.
The 80’s were the defining decade of the 20th Century, and everything that took place during this time changed Britain forever, and the repercussions are still keenly felt today.
To understand the environment we inhabit today, it is necessary to see first how it was before, and only then, can one appreciate the enormity of the changes and how they therefore transformed British culture, both popular and business, into what it is today.
Bang, wallop, crash is the story of the most influential years of this evolutionary period, told through the eyes of several protagonists, caught up in the maelstrom.
It starts with Bill, who is now the Senior Partner of a small to medium sized stockbroker, and having bought his way in, he now has to adapt to what being a broker in this particular moment in time means.
He also has to establish himself with his peers and, at the same time, work his way into their culture, essentially by becoming a member of a Livery Company.
Here he see’s first hand exactly what the Big Bang actually meant to everyone in the industry, and how it might affect them.
Although, The City of London, is the focal point, it is only used as it is the fulcrum at which everything that was going on in Britain, and the rest of the world, was experienced and acted on and upon.
Once Big Bang had happened, the ramifications and knock-on affects are related through not only Bill’s eyes, but also several other market practitioners.
All of this, while explanatory, is also necessary, to set the scene, through the rise of compliance, technology and options, the mergers then take-overs, though to how everything was left for the Great Storm to have its enormous impact, and the subsequent Crash.
And, although, London only experienced relatively minor falls, they still rank as the top two daily market collapses of all time, whereas Wall Street’s fall is still the biggest of all time.
These were extraordinary times, and extraordinary events, none of which have been accurately and definitely documented, until now.
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