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- Product code: 259633
- ISBN: 0071591583,
ISBN13: 9780071591584,
208 pages, paperback
Published by McGraw-Hill Professional, illustrated edition edition, 2008
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Description of Greenspan's Bubbles
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This is 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 and 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.
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Contents of Greenspan's Bubbles |
Introduction: A True Accounting: The Greenspan Era (1987-2006)
Chapter 1: How Wrong Can One Man Be? (1973-1987)
Chapter 2: The Coronation of The Bubble King (1995-1997)
Chapter 3: The FOMC Meets the Greenspan Put -- and Yawns (1998-1999)
Chapter 4: Bubbleonians Running the Asylum: The Bubble Blow Off (1999-2000) Chapter 5: The Stock Bubble Bursts: The Tech Miracle Was a Mirage (2000-2001) Chapter 6: Home Sweet Home: Housing Saves Us from the Stock Bubble (2001-2003) Chapter 7: The Housing Hot Potato: The Real Estate Bubble Fuels the ATM(2003-2007) Conclusion: The Consequences of the Loss of Fear (2007 and Beyond)
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About William Fleckenstein and Frederick Sheehan |
Bill Fleckenstein (Seattle, WA) is president of Fleckenstein Capital a hedge fund firm based in Seattle. He writes a daily Market Rap column featured on his Fleckensteincapital.com site as well as the popular column Contrarian Chronicles for MSN Money that gets as many as 400,000 readers each week. From 1988 until just recently, Fred Sheehan (Boston, MA) was the Director of Asset Allocation Services worked at John Hancock Financial Services in Boston where he set investment policy and asset allocation for institutional pension plans. Fred has written the monthly Market Outlook and Quarterly Market Review for clients from 1990 to 2001, as well as several guest articles for Marc Faber's Gloom, Boom & Doom Report. Fred has more recently contributed to Whiskey & Gunpowder and the Prudent Bear websites among others
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