How long will it take Americans to recover from the latest upheavals on Wall Street? Steve Fraser makes a useful distinction between psychic and economic recovery his new Wall Street: America’s Dream Palace (Yale University Press, 200 pp., $22), a brief history of the Street yalepress.yale.edu/yupbooks/book.asp?isbn=9780300117554. After the Crash of 1929, Fraser writes: “Psychic recovery took longer than economic rebirth. A national preoccupation with security and an aversion to risk lasted for a long generation.”
© 2008 Janice Harayda. All rights reserved.