As deal-making beats dotcom highs, has ‘irrational exuberance’ returned?
Jill Treanor
The Guardian
19 Dec 2006
In December 1996, Alan Greenspan, then chairman of the Federal Reserve, made his now infamous comments about the “irrational exuberance” investors were showing for shares. Ten years on, stock markets are still rising. The Dow Jones average hit a new... read more...
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