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Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve
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Sample Contents ...excerpt from HOW WRONG CAN ONE MAN BE? (1973-1994) Click book cover for sample pages, contents list and index |
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ContentsA TRUE ACCOUNTING: THE GREENSPAN ERA (1987-2006) HOW WRONG CAN ONE MAN BE? (1973-1994) THE BUBBLE KING: THE PUT IS BORN (1995-1997) THE FOMC MEETS THE GREENSPAN PUT - AND YAWNS BUBBLECONIANS RUNNING THE ASYLUM: THE BUBBLE BLOW OFF (1999-2000) THE STOCK BUBBLE BURSTS: THE TECH MIRACLE WAS A MIRAGE (2000-2001) HOME SWEET HOME: HOUSING SAVES US FROM THE STOCK BUBBLE (2001-2003) THE HOUSING HOT POTATO: THE REAL ESTATE BUBBLE FUELS THE ATM (2003-2007) THE CONSEQUENCES OF THE LOSS OF FEAR (2007 AND BEYOND) |
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DescriptionNo 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:
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. From the Back Cover PRAISE FOR GREENSPAN'S BUBBLES 'It's about time someone set the record straight! Fleckenstein chips away at Greenspan's overinflated record as Fed Chairman to reveal a legacy of lousy forecasts, poor judgment, and two huge asset bubbles. It's devastating or delicious, depending on whether you're Greenspan or the reader.'-Caroline Baum, columnist, Bloomberg News 'After reading Greenspan's Bubbles you will have no respect for the Fed! It's a must-read ... in it, the authors demystify the belief that the Fed 'solves' problems when, in fact, it is directly responsible for a colossal destruction of wealth of the median household and of the U.S. currency through its irresponsible monetary policies.'-Marc Faber, editor of the Gloom, Boom & Doom Report 'Greenspan for Mt. Rushmore? Not if Bill Fleckenstein has anything to say about it.'-James Grant, editor of Grant's Interest Rate Observer 'In his typically engaging style, Bill Fleckenstein pops the Greenspan bubble ... presenting compelling and convincing evidence that the former Fed chief got us into this mess...'-Herb Greenberg, Senior Columnist, MarketWatch.com About the Author William A. Fleckenstein is president of Fleckenstein Capital, a money management firm based in Seattle. He writes a daily Market Rap column for his Web site, Fleckensteincapital.com, as well as the popular column Contrarian Chronicles for MSN Money. Frederick Sheehan is a former Director of Asset Allocation Services at John Hancock Financial Services. He has written for Marc Faber's Gloom, Boom & Doom Report, Whiskey & Gunpowder, and the Prudent Bear Web sites. |
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Author/s ... Editor/s ... Illustrator/s ... Creative/s include ... William Fleckenstein, Fred Sheehan ISBNs ... ISBN 0071591583, ISBN 978-0071591584
Related Phrases ... William Fleckenstein, Fred Sheehan, Greenspan, Alan Greenspan, Bubbles, The Age of Ignorance, Federal Reserve, Economic Bubbles, Stock Bubble, Estate Bubble, Bubbleconians ... Economic Conditions, Economics, Business and Investing, Economic Policy and Development, Economic History, Money and Monetary Policy, Economic Conditions, Business Books, Books, Book |
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