We Know When Irrational Quotes
- How do we know when irrational exuberance has unduly escalated asset values? — Alan Greenspan
- 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… — Alan Greenspan
- Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can… — Alan Greenspan