Bubble and Bust History

“In late 1996 market skeptics felt validated. (Federal Reserve Chairman Alan Greenspan)….had spoken of the Japanese bubble of the1980s and its disastrous collapse. Greenspan pointed to the parallel with the U.S. market and used a phrase that became part of everyday language: ‘irrational exuberance.’ …

In fact, ……

From Ponzi Regulation: Myth vs. reality in Financial Fraud

 

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