Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve | 
 enlarge | Authors: William Fleckenstein, Fred Sheehan
Publisher: McGraw-Hill
Category: Book
List Price: $21.95
Buy New: $10.95
You Save: $11.00 (50%)
New (51) Collectible (1) from $10.95
Avg. Customer Rating:  28 reviews
Sales Rank: 12455
Media: Hardcover
Edition: 1
Number Of Items: 1
Pages: 208
Shipping Weight (lbs): 1.6
Dimensions (in): 8.1 x 5 x 0.9
ISBN: 0071591583
Dewey Decimal Number: 332.11092
EAN: 9780071591584
ASIN: 0071591583
Publication Date: January 16, 2008
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
Condition: New. Rarely, mild edge wear can occur during shipping, packaging &/or customer mishandling. Also, some very slight dust on the edges from sitting on the shelf can occur. Any significant change in the condition of the book will be disclosed to the buyer upon our discovery of the change. We otherwise apologize for anything we may overlook &/or anything that occurs during shipping. Feel free to contact us about anything. Ships, well packaged and very quickly, from MI.
|
| Similar Items:
|
| Editorial Reviews:
Product Description
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 expose 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 naivete 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.
|
| Customer Reviews: Read 23 more reviews...
 You Can't Dispute the Facts Provided in the Book July 6, 2008
Shocking!! Great facts supporting the book. Truly shocking to see how irresponsible Greenspan acted in cuting rates when there was no evidence to support these cuts. From this book you can understand how Greenspan's ego created long term troubles for the US economy which could have resulted in shorter recessions. He even encourages fellow Americans to seek adjustable rate mortages (p. 155). Unbeleivable!!!
Greenspan: Idiot or economic charlatan? June 28, 2008
This book is hardly cozy, bedtime reading, but its short length (194 pgs.)
makes it fast reading. Author Fleckenstein takes the former Fed Chairman's public pronouncements over the course of the 1980s into the 2000s, and contrasts them with the Chairman's statements during Fed deliberations from the same period, the transcrips of which have recently
been releassed. In my opinion the result shows that Greenspan's reckless policies are directly responsible for the recently-popped lending and housing bubbles that we'll all end up paying for via monetary inflation.
Reading this book (among others) makes me want to move to Switzerland where I can be out of reach of results of inflationary Congressional action about to take place to bail out builders, borrowers and bankers.
Very good recap of the Greenspan follies June 28, 2008
Quick and easy read, I knocked it out in one night. I could not put it down once I got started. The book only furthers my opinion that it is time for the abolishment of the Federal Reserve. It is time to put Mr. Greenspan on trial for the crimes he has committed against American Citizens.
The condemnation of Alan Greenspan, in brief. June 23, 2008
1 out of 2 found this review helpful
This book states the argument of those who oppose Alan Greenspan, the former chair of the U.S. Federal Reserve. William A. Fleckenstein and Frederick Sheehan, who sometimes seem to go a bit over the top in the intensity of their attacks, write that Greenspan, despite his reputation, was no "maestro." Instead, they report he was a poor manager with a habit of either deception or self-delusion. The authors support their argument by drawing heavily on extensive quotations from Greenspan's testimony before Congress and on minutes of the Federal Reserve Open Market Committee meetings. Although getAbstract might wish for less fervor in this presentation, it forwards this book to policy makers, financial services executives and others who wish to understand the downside of Greenspan's policies and how he may have contributed to the U.S. economy's current dilemma.
 Past Seen through a Mirror, Darkly May 25, 2008
0 out of 14 found this review helpful
The problem with this book is that Alan Greenspan wrote it without a thorough fact-checker to keep him honest.
My impression in reading this is that Alan is trying to shape history's opinion of himself, and he is an active shaper of the 'truth' to suit his purposes.
It was a waste of time. It will be better to read books about his Fed chairmanship from writers dedicated to forumulating an objective look at the Greenspan style of central banking.
|
|
|
