Tag Archives: Alan Greenspan

Irrational Fear

Alan Greenspan, KBE, PhD (born March 6, 1926) ...

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A few years back, Alan Greenspan became even more famous for his quote about the economy.  He asked:

how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

The stock market promptly took a nose dive. There’s more!

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