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Title: Refreshing views, but a bit overwelming by details
Review: The book gives good insight in US economic and financial development during the 1990-ies. Brenner argues well for his criticism of the uniqueness of the so called New Economy, of which he must be regarded as a great disbeliever. It is also refreshing to read a well documented criticism of US monetary policy under Fed Chairman Alan Greenspan, whom Brenner sees as a player with heavy responsibility of the unprecedented inflation of US equity prices in the last half of the 1990-ies. Unfortunately Brenner's prose is rather dry and his text is accompanied by a high density of numbers. This documents his arguments well but demands great patience from the lay reader.The book went to the press in mid 2001 which naturally leaves out the market turbulence July 2002. Nevertheless his analysis gives the patient reader a solid background for understanding the recent developments in US financial markets. And what may be in store...
