Location: Home > Art, Architecture & Photography > Economic Conditions > Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve

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

enlarge

Authors: William Fleckenstein, Fred Sheehan
Publisher: McGraw-Hill Professional
Category: Book

List Price: ~~Ł12.00~~
Buy New: Ł5.42
You Save: Ł6.58 (55%)

New (45) Used (14) Collectible (1) from Ł4.50

Rating: 3.5 out of 5 stars

3 reviews
Sales Rank: 29674

Media: Hardcover
Number Of Items: 1
Pages: 208
Shipping Weight (lbs): 1.6
Dimensions (in): 8.1 x 5 x 0.9

ISBN: 0071591583
Dewey Decimal Number: 332.11092
EAN: 9780071591584
ASIN: 0071591583

Publication Date: February 1, 2008
Availability: Usually dispatched within 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.

Similar Items:

•	Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
•	The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means
•	The Age of Turbulence: Adventures in a New World
•	Wealth, War and Wisdom
•	A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation

Customer Reviews:

4 out of 5 stars

The condemnation of Alan Greenspan, in brief. June 23, 2008
3 out of 4 found this review helpful

This book states the argument of those who oppose Alan Greenspan, the former chair of the U.S. Federal Reserve. William A. Fleckenstein and Frederick Sheehan, who sometimes seem to go a bit over the top in the intensity of their attacks, write that Greenspan, despite his reputation, was no "maestro." Instead, they report he was a poor manager with a habit of either deception or self-delusion. The authors support their argument by drawing heavily on extensive quotations from Greenspan's testimony before Congress and on minutes of the Federal Reserve Open Market Committee meetings. Although getAbstract might wish for less fervor in this presentation, it forwards this book to policy makers, financial services executives and others who wish to understand the downside of Greenspan's policies and how he may have contributed to the U.S. economy's current dilemma.

1 out of 5 stars

Detractors take the stand April 2, 2008
4 out of 9 found this review helpful

Public men in the public eye and with very public actions tend to have eulogists and detractors.
Alan Greenspan was Chairman of the FED for 19 years and three Presidents. During his tenure as Chairman, globalisation came of age, China erupted in the world scene, geopolitical trends shifted with the fall of the Wall, the Euro and September 11th.
The only strange thing in this long period is that no catastrophic event occurred, although a lot of recessions and financial crisis took place throughout the world.
There was never a unanimity about Greenspan's actions and decisions (although they were not only his) and those who read Joseph Stiglitz's The Roaring Nineties noticed that he took more then a few pot-shots at Alan Greenspan, to give an example.
When an economic downturn occurs, like the one triggered by the sub-prime crisis, those who dislike the market economics blame it on the market and its rules and of course on its Heralds and Icons; But, making an idiot and a blunderer of the man who oversaw one of the longest and most ebullient periods of growth in the United Sates and the world at large is not an useful contribution to the understanding of what is at stake now.
"Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve" by William Fleckenstein and Fred Sheehan will not go down in any serious analysis of the period. The Age of Turbulence by Alan Greenspan will. Read it instead.

5 out of 5 stars

GREENSPAN'S BUBBLES March 2, 2008
8 out of 11 found this review helpful

I always thought Greenspan was an idiot but had no idea how big an idiot he was/is. EZ-AL was nothing more then a snake oil salesman that promised great things and delivered misery. The collapse of the U.S. financial system can be directly tied to Greenspan through his not having a clue as to what he was doing while the head of the Federal Reserve. Perhaps now the U.S. is entering into the largest financial disaster since the Great Depression, citizens will come to realize that Alan Greenspan was a major contributor through his mismanagement of the supply/cost of money. In Congressional testimony he admitted it wasn't "possible to manage something" you couldn't define. This admission from the Chairman of the Federal Reserve Bank of the United States!!!!!!
In the mean time, we pay while Alan played.
READ THE BOOK FOR FUTURE REFERENCE BECAUSE WE ARE GOING TO NEED IT.