2009 Predictions: What Sayeth the Maestro?

Among my holiday reading this year was Alan Greenspan’s biography cum economic analysis, “The Age of Turbulence”. In retrospect, the book’s publishing date of mid-2007 preceded almost precisely the unravelling of the housing market in mid-2007 that eventually led to 2008 becoming the year of the largest market crash since the Great Depression. The book is thus a fascinating glimpse into Greenspan’s brain on the eve of the crash.

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