Greenspan's bubbles

Book Cover
Average Rating
Publisher:
McGraw-Hill,
Pub. Date:
2008.
Language:
English
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-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 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 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.

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.

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ISBN:
9780071591584
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Grouping Information

Grouped Work ID 67aaba8b-9fb2-5a33-9d6d-d3fb4d9eb0f7
full_title greenspan s bubbles
author fleckenstein william a
grouping_category book
lastUpdate 2017-08-14 05:04:30AM

Solr Details

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auth_author2 Sheehan, Fred.
author Fleckenstein, William A.
author-letter Fleckenstein, William A.
author2 Sheehan, Fred.
author2-role Sheehan, Fred.
author_additional by Bill Fleckenstein with Fred Sheehan.
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oclc (OCoLC)189666321
owning_library_arlington Arlington Public Library, Aurora Hills, Central, Cherrydale, Columbia Pike, Connection Crystal City, Detention Center, Glencarlyn, Local History, Plaza, Shirlington, Westover
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physical x, 194 p. : ill. ; 21 cm.
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primary_isbn 9780071591584
publishDate 2008
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publisher McGraw-Hill,
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subject_facet United States -- Economic policy
table_of_contents A true accounting : the Greenspan era (1987-2006) -- How wrong can one man be? (1973-1987) -- The coronation of the Bubble King (1995-1997) -- The FOMC meets the Greenspan put--and yawns (1998-1999) -- Bubbleonians running the asylum : the bubble blow off (1999-2000) -- The stock bubble bursts : the tech miracle was a mirage (2000-2001) -- Home sweet home : housing saves us from the stock bubble (2001-2003) -- The housing hot potato : the real estate bubble fuels the ATM -- (2003-2007) -- The consequences of the loss of fear (2007 and beyond).
target_audience Adult
target_audience_full Adult
title Greenspan's bubbles
title_display Greenspan's bubbles
title_full Greenspan's bubbles / by Bill Fleckenstein with Fred Sheehan
title_short Greenspan's bubbles
title_sort greenspan's bubbles