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What is irrational exuberance?
Extreme happiness and excitement for no apparent reason.
Economic events that occurred during 1996-2009?
Irrational exuberance
In a December 1996 speech who famously accused Wall Street of irrational exuberance?
Alan Greenspan
What is a sentence for exuberance?
"How do we know when irrational exuberance has unduly escalated asset values?" (Alan Greenspan, chairman of the US Federal Reserve, in a speech during the stock market boom of the 1990s. Translation: How do we know when stocks are too expensive?)
What cause economies to go into recession?
Economies go into a recession after a decline in the Gross Domestic Product growth rate following a period of irrational exuberance. This exuberance can often be felt in housing or high technology areas.
What was the name given to the wise investments that were made by people who hoped to get rich in the stock market while ignoring all of the risks?
Irrational exuberance
Does a banker use irrational numbers?
No. At least, not for his work in the bank. Ans 2. Alan Greenspan said that the numbers that bankers used to cobble together investment products were based on "irrational exuberance". The numbers on which toxic mortgages were based were irrational by any standards.
When was Irrational Games created?
Irrational Games was created in 1997.
When was Irrational Anthems created?
Irrational Anthems was created in 1996.
When was Predictably Irrational created?
Predictably Irrational was created in 2008-02.
Can you make a sentence using exuberance?
Tony's exuberance knew no bounds.
Who coined the phrase irrational exuberance?
Robert Shiller. Although Alan Greenspan made the phrase famous, he took the phrase originally from Robert Shiller, as stated in Greenspan's biography, "The Age of Turbulence."
