Summary: Irrational Exuberance, coined by ex-Federal Reserve Board Chairman Alan Greenspan, has come to refer to the psychological forces driving speculative bubbles. But depending on who you are, an academic, a policymaker, an influencer or a seasoned investor, exuberance can be interpreted differently as good, or bad.
Mini koob’s objective: Rational or Irrational Exuberance: understand who thinks what, and why.
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