Another "mess" sighting in the Wall Street Journal
Friday, February 08, 2008
Shown below is the ad appearing in today's Wall Street Journal for Bill Fleckenstein's new book, "Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve". Another Greenspan "mess" sighting is attributed to Herb Greenberg at Marketwatch.
If you go to Amazon.com, you'll see the complete set of blurbs from the back cover:“It's about time someone set the record straight! Fleckenstein chips away at Greenspan's overinflated record as Fed Chairman to reveal a legacy of lousy forecasts, poor judgment, and two huge asset bubbles. It's devastating or delicious, depending on whether you're Greenspan or the reader.”-Caroline Baum, columnist, Bloomberg News
Interestingly, Amazon's usually helpful automated pairing suggestions algorithm has come up with the following combination:
“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
Hmmm... that would certainly be two very different views on the same subject.
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