PRAISE FORGREENSPAN'S BUBBLES
“After reading Greenspan's Bubbles you will have no respect for the Fed! It's a must-read…in it, the authors demystify the belief that the Fed 'solves' problems when, in fact, it is directly responsible for a colossal destruction of wealth of the median household and of the U.S. currency through its irresponsible monetary policies.”
-Marc Faber, editor of the Gloom, Boom & Doom Report
“Greenspan for Mt. Rushmore? Not if Bill Fleckenstein has anything to say about it.”
-James Grant, editor of Grant's Interest Rate Observer
“In his typically engaging style, Bill Fleckenstein pops the Greenspan bubble…presenting compelling and convincing evidence that the former Fed chief got us into this mess...”
-Herb Greenberg, Senior Columnist, MarketWatch.com
“Before Ben Bernake shovels more cash into the U.S.'s money trap, he should read Greenspan's Bubbles, a damning account of how his predecessor inflated two asset bubbles that mutated into $11 trillion in home mortgage debt.”
“Alan Greenspan was dubbed history's greatest Federal Reserve chairman upon his retirement in 2006, but the housing bust is prompting renewed criticism of his laissez-faire brand of monetary policy. Hedge fund manager William Fleckenstein is among the loudest critics. Fleckenstein is the author of Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve. He views Greenspan's legacy as a litany of too-low-for-too-long interest rates that created the dot-com and housing bubbles.”
--US News & World Report
“I suggest that you read Greenspan's Bubbles, a recent book by William Fleckenstein. It'll knock your socks off.”
--Copley News Service
William A. 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.
Frederick Sheehan is a former Director of Asset Allocation Services at John Hancock Financial Services. He has written for Marc Faber's Gloom, Boom & Doom Report, Whiskey & Gunpowder, and the Prudent Bear Web sites.
The book is easy to read and entertaining but is certainly satisfying reading.
On page 3 the author leads you to note 2 (page 189) where he writes: "Determining that a bubble exists is somewhat subjective, though not terribly difficult."
In this fascinating book, financial journalist William Fleckenstein studies the record of Alan Greenspan, chairman of the Federal Reserve from 1987 to 2006.
well, apparently, there have been many reviews on this book in which I am not getting into..my simple conclusions are i) author is really one stop short of calling Maestro's act as... Read morePublished 8 months ago by David Ip
This examines the Greenspan legacy of two bubbles and excessive monetary devaluation.
Fleckenstein blames Greenspan for the 2000 technology bubble and the 2008 real estate... Read more
I have ordered the book from the local library. The author gives the truth to the lies that were being spread by Mr. Infallible himself. Read morePublished 17 months ago by D. Depperman
It's a fascinating read, and a real eye opener on the revisionism of history that can occur with these political figures and policy makers post retirement. Read morePublished on January 18, 2013 by Andrew Cunningham
William Fleckenstein runs a money management firm, and writes several columns. He summarized in the Introduction to this 2008 book, "Greenspan erred by continually picking an... Read morePublished on June 21, 2012 by Steven H Propp
If you read what Greenspan wrote back in the Ayn Rand days it is clear that he knew better. After that he sold out to the big money guys and by the time he was made Fed Chairman he... Read morePublished on May 11, 2012 by Henry B. Coons
I am young so I was not aware of many of Greenspan's policies when he was in charge of the Fed. I just remember my mother complaining that everything he did had one purpose: to... Read morePublished on May 18, 2011 by mozy8082
This book, by financial commentator William Fleckenstein, is a basic overview of Alan Greenspan's tenure at the Federal Reserve. Read morePublished on April 9, 2011 by G.X. Larson
Fleckenstein has had the unique view of Greenspan's actions as the head of the FED for many years due to his career as a financial analyst. Read morePublished on November 21, 2010 by Daniel Hurley