The Greenspan Effect: Words That Move the World's Markets

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The Greenspan Effect: Words That Move the World's Markets
by David B. Sicilia, Jeffrey L. Cruikshank
from McGraw-Hill Companies

Customer Reviews:

• Avg. Customer Rating: 2.5 / 5.0

• Cursory
  The book can be characterized as Greenspan's testimonies interspersed with the authors' interpretation of Greenspan's words in the context of what really happened thereafter. Quite interesting are Greenspan's (and not the authors') take on the 1997 Asian financial crisis and reforming Social Security, quite relevant considering W.'s desire to overhaul the system.
  If the Internet has not gone mainstream, this could have been a very good book, however, Greenspan's testimonies can be readily accessible in... more info

• Words move Mountains
  A single man's words can move the greatest nation in the world. Sicilia and Cruikshank portray Alan Greenspan as one of the most powerful men in society today, while also showing him as a simple and honest man. The power held by Greenspan's words not only move a nation, they move the world as he moves the dollar.

  The book itself is a decent enough review of Alan Greenspan's economic career, from its inception at Townsend-Greenspan & Co. until his illustrious tenure as chairman of the Fed. Complete... more info

• The benefit of hindsight
  It is a recognised fact that statements from the Fed Chairman moves markets. Cruikshank and Sicilia here attempts to interpret the often incoherent mutterings of Mr Greenspan and hence throw light on his intended policy maneuvers. Which is all well and good. However, given the ambivalence of some of his statements, and the multitude of FedWatchers out there, how one interprets his statement may be different from what the market reads it as.

  With the benefits of hindsight, analysis of Mr Greenspan's... more info

• A Solid Effort!
  David B. Sicilia and Jeffrey L. Cruikshank study how U.S. Federal Reserve Bank chairman Alan Greenspan interprets market forces. They explore how Greenspan's thoughts and actions affect markets. Knowing Greenspan's impact can be useful if you want to capitalize on market movements. The book examines the meaning - for investors - of Greenspan's relationship with the markets. Along the way, the reader gets a whirlwind tour of the U.S. and world economies. The take-home message repeated again and again -... more info