“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
Tags: Alan Greenspan, Federal Reserve, irrational exuberance, Technology Bubble
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