The article references Alan Greenspan’s 1996 use of the term "irrational exuberance" to emphasize that central banks should consider asset valuations when setting policy. It is historical commentary rather than a current market event, with no new data, policy decision, or actionable development. Market impact is minimal.
The article references Alan Greenspan’s 1996 use of the term "irrational exuberance" to emphasize that central banks should consider asset valuations when setting policy. It is historical commentary rather than a current market event, with no new data, policy decision, or actionable development. Market impact is minimal.
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