Volcano (Jimmy Buffett song) Volcano (Jimmy Buffett song) "Volcano" is a song performed by American popular music singer-songwriter Jimmy Buffett. It was written by Jimmy Buffett, Keith Sykes, and Harry Dailey and released as a single (b/w "Stranded on a Sandbar") on MCA 41161 in November 1979. It was first released on his 1979 album "Volcano". It reached #66 on the "Billboard" Hot 100 and #43 on the Easy Listening chart. This song was originally a minor hit. The song and album are named for the then-dormant Soufrière Hills volcano on the island of Montserrat in the British West Indies where Buffett recorded the
Long-Term Capital Management September, LTCM's equity tumbled from $2.3 billion at the start of the month to just $400 million by September 25. With liabilities still over $100 billion, this translated to an effective leverage ratio of more than 250-to-1. Long-Term Capital Management did business with nearly every important person on Wall Street. Indeed, much of LTCM's capital was composed of funds from the same financial professionals with whom it traded. As LTCM teetered, Wall Street feared that Long-Term's failure could cause a chain reaction in numerous markets, causing catastrophic losses throughout the financial system. After LTCM failed to raise more money on