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stock market



  • What Caused the Stock Market Crash of 1929—And What We Still Get Wrong About It

    For the 90th anniversary of Black Thursday, TIME spoke to financial historian Richard Sylla, a Professor Emeritus of Economics and the former Henry Kaufman Professor of the History of Financial Institutions and Markets at New York University Stern School of Business and Chairman of the board of the Museum of American Finance in New York City.



  • Richard Sylla, historian at NYU's Stern School, on the record Dow

    The Dow Jones Industrial Average goes back to May 26, 1896. Richard Sylla goes a lot farther back than that.Sylla, an economist at the Stern School of Business at New York University and chairman of the Museum of American Finance, is one of the nation’s most eminent financial historians. He is a natural source to put the Dow’s latest record in long-term context.The historical perspective, Sylla tells me in this recent video interview, suggests that “if we’re lucky we may see a series of these all-time highs.” He adds wryly, “There are such things as bull markets.”...