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Irrational exuberance" is the phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. The phrase was interpreted as a warning that the stock market might be overvalued.
May 21, 2024 · “The concept of irrational exuberance came to me in the bathtub one morning,” Alan Greenspan recalled. On Dec. 5, 1996, in what became a famous speech at the American Enterprise Institute, the then-Federal Reserve chairman implied that the stock market was suffering from “irrational exuberance.”
Dec 3, 2016 · Monday marks the anniversary of the former Federal Reserve chairman’s famous speech about “irrational exuberance,” in which he wondered whether asset prices were reaching unsustainable levels....
Apr 8, 2022 · Fed Chair Alan Greenspan warned the markets about their irrational exuberance on December 5, 1996. But he did not tighten monetary policy until the spring of 2000, after banks and...
Dec 5, 1996 · But 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? And how do we factor that assessment into monetary policy?
Apr 27, 2022 · Irrational exuberance is a state of mania. In the stock market, it's when investors are so confident that the price of an asset will keep going up, they lose sight of its underlying value. The phrase was coined by former Federal Reserve Chairman Alan Greenspan in 1996. It's also a book by Robert Shiller describing the 2000 stock market bubble.
Dec 27, 2021 · Reflections on Greenspan’s “Irrational Exuberance” Speech after 25 Years. By James A. Dorn. On December 5, 1996, Alan Greenspan, then chairman of the Federal Reserve, gave one of his most...
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Dec 5, 2016 · Describing stock gains as “irrational exuberance,” Alan Greenspan tried to deflate extraordinary market levels in a speech delivered 20 years ago Monday....
But 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? And how do we factor that assessment into monetary policy?
When Alan Greenspan, chairman of the Federal Reserve Board in Washington, used the term "irrational exuberance" to describe the behavior of stock market investors in an otherwise staid...
