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More copies of this ISBN:Greenspan's Bubbles: The Age of Ignorance at the Federal Reserveby Bill Fleckenstein
Synopses & ReviewsPublisher Comments:PRAISE FORGREENSPAN'S BUBBLES “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, BoomandDoom 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 “Before Ben Bernake shovels more cash into the U.S.'s money trap, he should read Greenspan's Bubbles, a damning account of how his predecessor inflated two asset bubbles that mutated into $11 trillion in home mortgage debt.” --Bloomberg News “Alan Greenspan was dubbed history's greatest Federal Reserve chairman upon his retirement in 2006, but the housing bust is prompting renewed criticism of his laissez-faire brand of monetary policy. Hedge fund manager William Fleckenstein is among the loudest critics. Fleckenstein is the author of Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve. He views Greenspan's legacy as a litany of too-low-for-too-long interest rates that created the dot-com and housing bubbles.” --US NewsandWorld Report “I suggest that you read Greenspan's Bubbles, a recent book by William Fleckenstein. It'll knock your socks off.” --Copley News Service Synopsis:PRAISE FOR GREENSPAN'S BUBBLES “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, BoomandDoom 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 Synopsis: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:
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. About the AuthorBill Fleckenstein is president of Fleckenstein Capital, a Seattle-based hedge fund firm, and writes online columns for MSN Money. Fred Sheehan was the Director of Asset Allocation at John Hancock Financial Services for nearly twenty years. Table of ContentsIntroduction: A True Accounting: The Greenspan Era (1987-2006) Chapter 1: How Wrong Can One Man Be? (1973-1987) Chapter 2: The Coronation of The Bubble King (1995-1997) Chapter 3: The FOMC Meets the Greenspan Put — and Yawns (1998-1999) Chapter 4: Bubbleonians Running the Asylum: The Bubble Blow Off (1999-2000) Chapter 5: The Stock Bubble Bursts: The Tech Miracle Was a Mirage (2000-2001) Chapter 6: Home Sweet Home: Housing Saves Us from the Stock Bubble (2001-2003) Chapter 7: The Housing Hot Potato: The Real Estate Bubble Fuels the ATM(2003-2007) Conclusion: The Consequences of the Loss of Fear (2007 and Beyond) What Our Readers Are SayingBe the first to add a comment for a chance to win!Product Details
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