Order from a Major Online Bookstore
Ultimate Book Price Comparison Engine
Save Your Time And Money
| AnyBook4Less.com | Order from a Major Online Bookstore |
|
| Home | Store List | FAQ | Contact Us | | ||
| Ultimate Book Price Comparison Engine Save Your Time And Money |
||
 |
Title: The Greenspan Effect: Words That Move the World's Markets by Jeffrey L. Cruikshank, David B. Sicilia ISBN: 0071349197 Publisher: McGraw-Hill Trade Pub. Date: 23 September, 1999 Format: Hardcover Volumes: 1 List Price(USD): $18.95 |
Average Customer Rating: 2.8
Rating: 3
Summary: The benefit of hindsight
Comment: It is a recognised fact that statements from the Fed Chairman moves markets. Cruikshank and Sicilia here attempts to interpret the often incoherent mutterings of Mr Greenspan and hence throw light on his intended policy maneuvers. Which is all well and good. However, given the ambivalence of some of his statements, and the multitude of FedWatchers out there, how one interprets his statement may be different from what the market reads it as.
With the benefits of hindsight, analysis of Mr Greenspan's statements will always be easier. I feel that at the end of the day, the markets ultimately decides which way they would like to interpret his speech. The whole book is filled with quotes by Greenspan and commentaries by the authors on what these quotes actually mean. I feel however that the authors chose to emphasize on those quotes which actaully drove the market one way and downplay those that had less impact on the markets.
It's a veritable attempt by the authors here, but it was a real effort for me to finish the book.
Rating: 3
Summary: A Solid Effort!
Comment: David B. Sicilia and Jeffrey L. Cruikshank study how U.S. Federal Reserve Bank chairman Alan Greenspan interprets market forces. They explore how Greenspan's thoughts and actions affect markets. Knowing Greenspan's impact can be useful if you want to capitalize on market movements. The book examines the meaning - for investors - of Greenspan's relationship with the markets. Along the way, the reader gets a whirlwind tour of the U.S. and world economies. The take-home message repeated again and again - Greenspan and interest rates can move markets - is something savvy investors might already know. We [...] recommend this book to any investor who wants to understand the world economy better and to those who are interested, as investors or observers, in Greenspan's impact on the markets.
Rating: 2
Summary: Reinforcing a problem
Comment: One of the problems that our next President does not want to face is the resignation, or the removal from the Federal Reserve Chairmanship by Mr. Greenspan. As I write we still have no President, thankfully we do have Mr. Greenspan.
For those readers who follow or invest in the markets, you all are acutely aware of the power this man wields, 2 words can literally have an impact on markets measured in the hundreds of billions of dollars. Who will forget "irrational exuberance"? Those words were not even a declaration, but part of a rhetorical comment, and terror still ensued.
Contrary to what often is reported, Mr. Greenspan speaks English. However the word parse has become connected with any statement he makes. So the routine is, Mr. Greenspan speaks, and I truly believe the vast majority understand him, but like any event the press and their "experts" take apart every word, whether his brow is wrinkled, and essentially try to graph each appearance and comment to find the "true meaning". I have always found this annoying and condescending. People who are sophisticated enough to manage their money, can manage to understand our Fed Chairman.
I made it through this book, but I would not recommend you bother. There is a new book about the man I am reading, and so far it is excellent. This work reinforces the idea that experts need to break down every word, and then explain what Mr. Greenspan means. There are no great insights offered, nothing is simplified, you will learn virtually nothing about the workings of The Federal Reserve, and if you feel comfortable listening to the Chairman now, this book will only make you question whether you should.
If you are looking for the opinions of these Authors, if you want to follow a needlessly complex maze of an attempt to find a pattern to everything the man has said, this is for you. As I said, Mr. Greenspan speaks English, and were it not for the emphasis placed on pairings of words out of context, and the emotions they generate, people would understand we have a brilliant Fed Chairman, who at times chooses to be vague, and at times cannot give definitive answers about the future, who can.
He has been a remarkable Chairman, appointed and reappointed by 3 presidents from both parties. Now you can take that statement at face value, or have the talking heads dissect it for you. The answer is the same either way, and the time you save listening to what you hear, and skipping the experts, is time better spent on anything else.
 |
Title: Maestro: Greenspan's Fed and the American Boom by Bob Woodward ISBN: 0743205626 Publisher: Touchstone Books Pub. Date: 23 October, 2001 List Price(USD): $14.00 |
 |
Title: The Essential Buffett: Timeless Principles for the New Economy by Robert G. Hagstorm ISBN: 047138979X Publisher: John Wiley & Sons Pub. Date: 15 April, 2001 List Price(USD): $27.95 |
 |
Title: Greenspan: The Man Behind Money by Justin Martin ISBN: 0738205249 Publisher: Perseus Publishing Pub. Date: 18 September, 2001 List Price(USD): $17.50 |
 |
Title: The Packer Way : Nine Stepping Stones to Building a Winning Organization by Ron Michael Wolf, Paul Attner, Attner Paul, Green Bay Packers (Football Team) ISBN: 0312193122 Publisher: St. Martin's Press Pub. Date: November, 1998 List Price(USD): $23.95 |
 |
Title: Fed: The Inside Story of How the World's Most Powerful Financial Institution Drives the Markets by Martin Mayer ISBN: 068484740X Publisher: Free Press Pub. Date: June, 2001 List Price(USD): $27.50 |
Thank you for visiting www.AnyBook4Less.com and enjoy your savings!
Copyright� 2001-2021 Send your comments
