Friday, April 04, 2008

Book Review: Greenspan's Bubble

It takes circa 13 hours to fly past the vast pacific ocean. On my trip back to Taiwan from San Francisco, I grabbed this book randomly in the hope that it might shorten my boring flight, and it did more than that.
Alan Greenspan, the ex-mythical figure of Fed, was mostly greeted with praises. Perhaps just like spoiled children who love their parents, Alan Greenspan is loved by spoiled bankers who took too much risk.
This book lays out the story in a chronological order so that readers can understand the cause-effect of Greenspan's decisions. While the book itself is not that joyful to read (it's always grim to learn about realities), if you really want to know what happened to U.S financial market during past 10 years, this is the book for you. 13 hours is more than enough.

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