BEER Group Read. 'irrational exuberance' p. 4

Mark Kohut markekohut at yahoo.com
Mon Oct 14 14:30:59 CDT 2013


Alan Greenspan's, Fed Reserve Head,  comment--irrational exuberance--was made on December 5, 1996. he was said to be signaling
there might be a big bubble in tech valuations. 
 
Robert Schiller, the guy who won the Nobel Prize in economics today, used the phrase for the title of a book he published in 2000.
Dotcoms crashed in 2000-2001, tech bubble burst....
 
BE techie's suvived the crash "not with irrational exuberance".....
 
Maxine, Ms. Follow-the-Money is gonna complain later, she has no idea how the company she is investigating
makes their money. 
 
If money is made on a bubble, is it real? 
 
Extra Credit: How does this fit into Pynchon and his gold and Gold Standard references? 
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