(CNBC) The Federal Reserve has come a long way from the days of warning about “irrational exuberance.” Former Fed Chairman Alan Greenspan famously sent up a flare in December 1996 about stretched asset valuations triggered by wild dot-com speculation that had produced an unbridled bull market.
The Fed has embraced the ‘punchbowl’ and has no intention of taking it away
This entry was posted in Syndicated. Bookmark the permalink.
