Roger Lowenstein: The Fed Should Burst Our Bubbles
Roger Lowenstein is the author of five books covering financial markets. His latest book, The End of Wall Street, was published in April. Mr. Lowenstein is also the author of an excellent biography on Warren Buffett written in 1995 which ...
Jeremy Grantham on Bubbles and the Outlook Ahead
In an interview with The Financial Times, Jeremy Grantham discusses a study on various financial bubbles that his firm has recently completed. Mr. Grantham found 34 examples of bubbles that fit his definition as a “forty year event” statistically. Of ...
Bogle: Alan Greenspan’s Testimony Was Disingenuous
Former Federal Reserve Chairman Alan Greenspan testified today in Washington before the Financial Crisis Inquiry Commission. We suggested last week that Mr. Greenspan and others who failed to foresee the crisis should simply accept responsibility and play a role in ...
Greenspan: Those Who Predicted Housing Bubble are “Statistical Illusions”
Perhaps no other government policymaker has suffered as much reputational damage due to the housing collapse as former Federal Reserve Chairman Alan Greenspan. Mr. Greenspan has defended his record in recent months and recently published a paper outlining his views ...