Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve

Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve

by Frederick Sheehan (Author), William Fleckenstein (Author)

Synopsis

This is the book that burst Easy Al's bubble - revealing the real story behind Alan Greenspan. The New York Times nicknamed him Mr. Bubble for his role in creating the two largest bubbles in recent years: in the stock market and the housing market. Now, MSN Money columnist Bill Fleckenstein reveals the unvarnished truth behind Greenspan's Age of Recklessness . By slashing interest rates to bail out investors, Greenspan made a lot of people rich but his actions resulted in the dot-com disaster of 2000 and the mortgage mess of 2007. But Greenspan's recklessness goes back even further - to the crash of 1987, the Savings & Loan crisis, the implosion of Long Term Capital Management, and even the Asian crisis. This no-holds-barred account finally exposes Greenspan as the worst Fed Chairman ever - and offers an economic wake-up call for citizens and investors.

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More Information

Format: Illustrated
Pages: 208
Edition: Illustrated
Publisher: McGraw Hill
Published: 16 Feb 2008

ISBN 10: 0071591583
ISBN 13: 9780071591584

Author Bio
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.