The Dow Jones Industrials fell more than 20 per cent on October 19, 1987, its largest single-day crash. Michael Douglas starred in the 1987 film Wall Street, directed and co-written by Oliver Stone. Photo: Handout
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Wall Street’s crash in 1987 has an ominous parallel with today’s global markets

‘The disconnect between asset prices and macro-political and policymaking developments is indeed striking’

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The Dow Jones Industrials fell more than 20 per cent on October 19, 1987, its largest single-day crash. Michael Douglas starred in the 1987 film Wall Street, directed and co-written by Oliver Stone. Photo: Handout
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