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Greenspan's Bubbles

Greenspan's Bubbles

          
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About the Book

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 expose 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: • 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 naivete 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.

Table of Contents:
Acknowledgements Introduction: 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) Notes


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Product Details
  • ISBN-13: 9780070140745
  • Publisher: Tata Mcgraw Hill
  • Publisher Imprint: Tata Mcgraw Hill
  • Edition: 1
  • No of Pages: 204
  • ISBN-10: 007014074X
  • Publisher Date: 2009
  • Binding: Paperback
  • Language: English
  • Weight: 500 gr

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