Purchase

Amazon

Barnes & Noble

Powell's Books

Books-A-Million

Indie BookShop

Ripped Bodice

Add to Wish List

Also by William Fleckenstein:

Greenspan's Bubbles, January 2008
Hardcover

Also by Frederick Sheehan:

Panderer To Power, November 2009
Hardcover
Greenspan's Bubbles, January 2008
Hardcover

Greenspan's Bubbles
William Fleckenstein, Frederick Sheehan

The Age of Ignorance at the Federal Reserve

McGraw-Hill
January 2008
On Sale: January 16, 2008
208 pages
ISBN: 0071591583
EAN: 9780071591584
Hardcover
Add to Wish List

Non-Fiction

No matter who you are-investor, trader, homeowner, 401(k) holder, or CEO-you are bound to feel the impact of Alan Greenspan's “Age of Ignorance” for years to come.

According to MSN Money columnist William A. Fleckenstein, Greenspan's nearly 19-year career as Federal Reserve Chairman is even worse than anyone imagined. Labeled “Mr. Bubble” by the New York Times, Greenspan was nothing less than a serial bubble blower with a long history of bad decision-making. His famous “Greenspan Put” fueled the perception of a Goldilocks economy-but, as this explosive exposé reveals, the bear has finally caught up with Goldilocks.

Using transcripts of Greenspan's FOMC meetings as well as testimony before Congress, this eye-opening book delivers a timeline of his most devastating mistakes and weaves together the connection between every economic calamity of the past 19 years:

* The stock market crash of 1987 * The Savings & Loan crisis * The collapse of Long Term Capital Management * The tech bubble of 2000 * The feared Y2K disaster * The credit bubble and real estate crisis of 2007

Fleckenstein explains just how far-reaching Greenspan's mess has been flung, and presents damning evidence that contradicts the former Fed chief's public naiveté concerning shifts in the market and economy. He also points to a disturbing fact, that throughout his career, Greenspan not only made costly mistakes, but made the same ones-over and over again. And not only was he never able to recognize or admit to those mistakes, he constantly rewrote his own history to justify them.

Greenspan's Bubbles offers a lock-stock-and-barrel portrait of a flawed but fascinating man whose words and actions have led a whole generation astray, and whose legacy will continue to challenge us in the years ahead.

Comments

No comments posted.

Registered users may leave comments.
Log in or register now!