Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve

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Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve
by William Fleckenstein, Fred Sheehan
from McGraw-Hill

Customer Reviews:

• Avg. Customer Rating: 4.0 / 5.0

• Fleckentstien called it all along...
  A friend at work turned me on to Fleckenstien's articles during the peaks of the housing bubble, and all along he predicted the housing market crash. The only thing he had wrong was the timing as thought it would happen sooner. This book sheds light on Greenspans role in two ecenomic bubbles and does so with Felckenstien's unique sense of humor. It is tough to make subjects like this interesting, but this book is a good read. Felckenstien predicted both "bubble bursts" in his columns when everyone else was... more info

• Why is the country in this mess?
  Why is this country in this mess? Thanks to you, Mr. Greenspan. Just read Fred Sheehan and Bill
  Flekenstein's book. It's is written well and explains why... Greenspan.

• Masterly of Sir Alan
  Alan Greenspan, called The Maestro, has almost singlehandedly created the two largest financial bubbles in world history. Federal Reserve is the worlds biggest central bank, and should have understood the nature of the both the it-bubble in the last half of the nineties, and the housing bubble in the naughties. But it didn't.
  Instead, Alan Greenspan has been the cheerleader for both bubbles. He consistently cut rates when the stock market was in turmoil. He was bragging about the productivity gains in... more info

• Fist Fight?
  The book appears to contain a few things of substance, but you have to look so hard to get past the vitriole it's almost not worth the effort. I'm not a big Greenspan fan and certainly not his apologist, but Fleckenstein appears to be pissed beyond reason. I get the impression Fleckenstein thought he should have been appointed Fed Chair and hasn't gotten over it yet. If Greenspan was as imbecilic as Fleckenstein tries to paint him, he wouldn't be able to find his way to the men's room without a GPS. Come on... more info

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