Greenspans Bubbles: The Age of Ignorance at the Federal Reserve William Fleckenstein

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208 pages


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Greenspans Bubbles: The Age of Ignorance at the Federal Reserve  by  William Fleckenstein

Greenspans Bubbles: The Age of Ignorance at the Federal Reserve by William Fleckenstein
| Kindle Edition | PDF, EPUB, FB2, DjVu, talking book, mp3, ZIP | 208 pages | ISBN: | 6.33 Mb

No matter who you are-investor, trader, homeowner, 401(k) holder, or CEO-you are bound to feel the impact of Alan Greenspans “Age of Ignorance” for years to come.According to MSN Money columnist William A. Fleckenstein, Greenspans nearly 19-yearMoreNo matter who you are-investor, trader, homeowner, 401(k) holder, or CEO-you are bound to feel the impact of Alan Greenspans “Age of Ignorance” for years to come.According to MSN Money columnist William A. Fleckenstein, Greenspans 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 Greenspans 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:The stock market crash of 1987The Savings & Loan crisisThe collapse of Long Term Capital ManagementThe tech bubble of 2000The feared Y2K disasterThe credit bubble and real estate crisis of 2007Fleckenstein explains just how far-reaching Greenspans mess has been flung, and presents damning evidence that contradicts the former Fed chiefs 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.Greenspans 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.



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