Policy review: The US Federal Reserve building in Washington DC. Now that global economic growth is revving up, policymakers are mulling about raising benchmark interest rates again. — AFP
NEXT week will be the 30th anniversary of Black Monday, a day Wall Street and just about every major stock market crashed.
Panic selling was caused by a number of reported reasons. Programme trading by computers was fingered as the cause of the crash, but another reason why selling gathered pace was valuations of the US markets.
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