Scott Nations will discuss his book, A HISTORY OF THE UNITED STATES IN FIVE CRASHES, at the University Club of Chicago. Nations examines the five most significant stock market crashes in the United States over the past century, revealing how they have defined the nation today. The book identifies the factors behind the disastrous runs on banks that led to the Panic of 1907, the first great scare of the twentieth century. Nations explains why 1920s America adopted investment trusts—a practice that helped post—World War I Britain—and how they were a primary catalyst of the 1929 crash. He explores America’s love affair with an expanding stock market in the 1980s—which spawned the birth of portfolio insurance that significantly contributed to the 1987 crash. And he examines the factors that led to the 2008 global meltdown, and the rise of algorithmic trading, the modern financial technology that sparked the 2010 Flash Crash when American stocks lost a trillion dollars in minutes.
Scott Nations is the president of NationsShares, a financial engineering firm. He is a regular contributor to CNBC, where he frequently appears on-air to discuss markets, derivatives, and other investment topics. He is the author of two technical books for option traders, Options Math for Traders and The Complete Book of Option Spreads and Combinations. He lives in Chicago, Illinois.
Please call The Book Stall at 847-446-8880 to make your reservation (please note that the dress code for this event is business casual; denim is not permitted).
In this absorbing, smart, and accessible blend of economic and cultural history, Scott Nations, a longtime trader, financial engineer, and CNBC contributor, takes us on a journey through the five significant stock market crashes in the past century to reveal how they defined the United States today