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The 1988 Wall Street Echo and Consumer Confidence
The piece contrasts Tokyo floor activity with global views in spring 1988, arguing that consumer confidence masks underlying risks. It cites The Wall Street Journal chart linking 1929 to 1988 market moods, warns of a potential second Black Monday, and notes low savings, rising debt, and tax changes eroding purchasing power.
MENTIONED IN THIS ARTICLE
Tokyo Stock Exchange
Wall Street Journal
Hamilton
Securities and Exchange Commission
SEC
David Ryder
Senate Banking Committee
North America