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(Hardcover)
Average Customer Rating:
(3 ratings)
THE BOOK THAT BURSTS EASY AL'S BUBBLE-revealing the real story behind Alan Greenspan
The New York Times nicknamed him “Mr. Bubble” for his role in creating the two largest bubbles in recent years: in the stock market and the housing market. Now, MSN Money columnist Bill Fleckenstein reveals the unvarnished truth behind Greenspan's “Age of Recklessness.”
By slashing interest rates to bail out investors, Greenspan made a lot of people rich but his actions resulted in the dot-com disaster of 2000 and the mortgage mess of 2007. But Greenspan's recklessness goes back even further-to the crash of 1987, the Savings & Loan crisis, the implosion of Long Term Capital Management, and even the Asian crisis. This no-holds-barred account finally exposes Greenspan as the worst Fed Chairman ever-and offers an economic wake-up call for citizens and investors.
More Reviews and RecommendationsBill Fleckenstein is president of Fleckenstein Capital, a money management firm based in Seattle. He writes a daily Market Rap column for his Web site, Fleckensteincapital.com, as well as the popular column Contrarian Chronicles for MSN Money.
Fred Sheehan is a former Director of Asset Allocation Services at John Hancock Financial Services. He has written for Market Outlook and Quarterly Review and the Whiskey & Gunpowder and Prudent Bear websites.
Number of Reviews: 3
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Fleck hammers away!
A reviewer, I am an investor, 03/19/2008
As usual, Fleckenstein is very informative and passionate. The book is a nice, easy read, and can really help many readers understand what happened the last 20 years.
Also recommended: What Greenspan Can't Tell You: The Inner Workings of the Investment Markets, or Greenspan's Fraud
Finally somebody who can cut through the propanganda
A reviewer, individual investor., 03/02/2008
One of the most amazing thing in this country, is how tame and useless the main stream press is. While every news papers was lauding AG as a genius, Bill wrote years after years in his column about what would happen in the end. And it's happening now. This book does just what every real press outlet should do. Go back in the archives and dig about what has been said and done in the past, and uncover any attempt at rewriting history. It's a must read.
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