Profiles

Yergin and Joseph Stanislaw have produced a book that is fundamentally optimistic that markets will continue to be the driving force behind world events, and that price decision-making will eventually prevail over political decision-making.

Recorded at the Toronto Stock Exchange; September 16-17, 1999. [41:36]

Regulators claim to guarantee equality of information, but no market can live up to that standard.

The most talked-about financial failure of the year is Long-Term Capital Management, an investment partnership (loosely termed a hedge fund) run by Wall Street darling John Meriwether.

Why transparency and liquidity won't bring financial stability...