Scott Nations - "A History of the United States in Five Crashes" - Michael Krauss

Thursday, October 19, 2017 - 6:00pm - 7:30pm
Event Presenter/Author: 
Scott Nations

Scott Nations discusses A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation. He will be joined in conversation by Michael Krauss.

At the Co-op

RSVP HERE (Please note that your RSVP is requested but not required.)

About the book: In this absorbing, smart, and accessible blend of economic and cultural history in the vein of the works of Michael Lewis and Andrew Ross Sorkin, a financial executive and CNBC contributor 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 PANIC OF 1907; BLACK TUESDAY (1929); BLACK MONDAY (1987); THE GREAT RECESSION (2008); THE FLASH CRASH (2010): Each of these financial implosions that caused a catastrophic drop in the American stock market is a remarkable story in its own right. But taken together, they offer a unique financial history of the American century. In A History of the United States in Five Crashes, financial executive and CNBC contributor Scott Nations examines these precipitous dips, revealing how each played a role in America’s political and cultural fabric, one building upon the next to create the nation we know today.

Scott Nations identifies the factors behind the disastrous runs on banks that led to the Panic of 1907, the first great scare of the twentieth century. He 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.

A History of the United States in Five Crashes clearly and compellingly illustrates the connections between these financial collapses and examines the solid, clear-cut lessons they offer for preventing the next one.

About the author: Scott Nations is the president of NationsShares, a financial engineer firm. He is a regular contributor to CNBC, where he discusses markets and other investment topics. He is the author of two technical books for option traders, Options Math and The Complete Book of Option Spreads and Combinations.

About the interlocutor: Michael Krauss is President and Co-Founder of Market Strategy Group, a boutique strategy consultancy where his clients include large global organizations, mid-cap firms and start-ups.

Michael has held leadership roles at Andersen Consulting, OmniTech Consulting Group and Diamond Technology Partners. He served as a corporate board member of Ellerbe Becket, the global architecture and engineering services organization.

Michael is an entrepreneur and investor. He serves on the advisory board of the Polsky Center for Entrepreneurship at the University of Chicago Booth School of Business and as a judge and board member of the Chicago Innovation Awards. He co-Chaired Mayor Richard M. Daley’s Council of Technology Advisors and is a former business columnist for the Chicago SunTimes. He is a director of the Economic Club of Chicago and a member of the Commercial Club of Chicago.

Event Location: 
Seminary Co-op Bookstore
5751 S. Woodlawn Ave.
Chicago, IL 60637