La Exuberancia Irracional de los Mercados: A 29 Años de la Memorable frase de Greenspan
On December 5, 1996, Alan Greenspan, chairman of the Federal Reserve, delivered a memorable speech in which he spoke of the "irrational exuberance" of the markets. Twenty-eight years after that speech, we recall the meaning of his words and see whether he was right or wrong.