The Age of Ignorance at the Federal Reserve
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Greenspan's Bubbles by William Fleckenstein
Book DescriptionThis 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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Book DetailsISBN: 9780071591584
(205mm x 132mm x 18mm)
Imprint: McGraw-Hill Professional
Publisher: McGraw-Hill Education - Europe
Publish Date: 1-Feb-2008
Country of Publication: United States
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Author Biography - William Fleckenstein
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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