- ISBN13: 9780071591584
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
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… More >>
GREENSPAN’S BUBBLES: THE AGE OF IGNORANCE AT THE FEDERAL RESERVE
drugs for dogs says:
all pure hogwash. years from now we will all know the truth… greenspan is god.
June 2, 2010, 6:12 amRating: 1 / 5
Donald Hsu says:
Greenspan’s mistakes caused the following:
* 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
Absolutely not! Each crisis has its own origin and consequence. Each case is a long Ph.D. thesis or more for the economist to do more research.
Y2K is not a disaster. Everything that might go wrong, worked out well. Yes, the real estate 2007 bubble is still a problem. But like anything else, there is always a buyer when the price is right. In Manhattan, there is no real estate bubble. Prices are still going up.
America is still the leading country for investments for everyone. Brazilian, Russian, Indian, and Chinese (BRIC)companies are all coming in the next few years to set up plants, buying our companies, stocks, bonds, mutual funds,hedge funds, using soverign wealth fund, cash, equity, debt financing, etc. Jobs will be created and prosperity continues.
Greenspan or Bernanke is just one person. He cannot control or cause the bubble. I agree that the title is good for selling books. For that, I give two stars for W. Fleckenstein. But I disagree with your analysis
completely.
Rating: 2 / 5
June 2, 2010, 9:00 amJim Seligman says:
The problem with this book is that Alan Greenspan wrote it without a thorough fact-checker to keep him honest.
My impression in reading this is that Alan is trying to shape history’s opinion of himself, and he is an active shaper of the ‘truth’ to suit his purposes.
It was a waste of time. It will be better to read books about his Fed chairmanship from writers dedicated to forumulating an objective look at the Greenspan style of central banking.
Rating: 3 / 5
June 2, 2010, 10:24 amJoseph J. Riolo says:
Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve
June 2, 2010, 11:39 amThere seems to be too much blame to spread around for the sub-prime issue.
It’s like “teflon”, slides off everyone enough so no one gets ….. And this book does not pin it down, helps for the future… maybe.
J.J.R
Rating: 2 / 5
jim says:
Those with at least a bit of intelligence realize that Greenspan has caused so many financial problems. Yet, it has been the media (including MSN Money) that have worshipped him. While this book certainly does place blame (and rightly so) with Alan Greenspan for 3 asset bubbles and many over atrocities, the fact is that it’s a bit too late to help investors now. Finally, why didn’t the author write these things when Greenspan headed the Fed?
There have been quite a few books that have been previous written already saying many of the same things in this book so it really represents no new material. Still, the book was well-written and might serve to help wake the media up so they stop listening to the Fed, Wall Street, Cramer, Kudlow and others. They have always been wrong in the past and they will continue to be wrong in the future.
Instead of crying about it now, I would have liked to see the author help guide investors through this mess. But alas, he is merely a reporter. A much better book exists that details Greenspan’s role in the collapsing US economy. This book provides a comprehensive view of the future and guides investors how to profit from Greenspan’s mess. And it was written by a financial expert with NO vested interests (he doesn’t run a firm and is not trying to get new investors or sell you gold). The book is “America’s Financial Apocalypse: How to Profit from the Next Great Depression.” It’s the most revealing investment related book I have ever read. America’s Financial Apocalypse: How to Profit from the Next Great Depression
June 2, 2010, 1:12 pmRating: 4 / 5