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what do we wall greed the day before an indictment? i m afraid recently we ve called it success. the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising, while the standard of living is declining. there was tremendous inflation, and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there was not much inside either. the tickers carried almost nothing but bad news. we d come off a terrible decade for investing. people were skeptical of the stock market. it was a very sleepy wall street back then. most economists expect a serious recession, with at least 2 million more americans losing their jobs. i regret to say that we re in the worst economic mess since the great depression. literally fro ....
Incorporated, but this 40-year-old wall street whiz is said to be the most powerful financier in america. he brought respectability to low-rated junk bonds and then used the money to finance corporate raids and takeovers. without mike milken, t. boone pickens couldn t have raided gull gulf. he said if you really want to take over gulf, it s going to cost you $13 billion. i said, yeah, i get it. and he said, i can get the $13 billion. he s the guy that t. boone pickens goes to and most people haven t heard of him. well, that s just the way he likes it. he doesn t care about publicity, he doesn t care about pride. he just cares about doing deals and having power. he was this shadowy howard hughes-like figure that those of ueven in the press never saw, you just heard. it was milken s genius that created an entire market and ....