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

A copy that has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. No matter who you are-investor, trader, homeowner, 401(k) holder, or CEO-yo u are bound to feel the impact of Alan Greenspan's "Age of Ignorance" for y ears to come. According to MSN Money columnist William A. Fleckenstein, Greenspan's nearl y 19-year career as Federal Reserve Chairman is even worse than anyone imag ined. Labeled "Mr. Bubble" by the New York Times, Greenspan was nothing les s than a serial bubble blower with a long history of bad decision-making. H is famous "Greenspan Put" fueled the perception of a Goldilocks economy-but , as this explosive expos reveals, the bear has finally caught up with Gol dilocks. 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 calamit y 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 naivet 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 tho.

Product Info

ISBN: 0071591583

ISBN-13: 9780071591584

Publisher: McGraw-Hill Education

Year: 2008

Type: Used

Binding: Hardcover

Seller Info

InfinityBooksJapan

Address: 1F Komagata Heights Bldg Tokyo,

Website: https://www.infinitybooksjapan.com

Country: Japan