Sentences with phrase «irrational exuberance»
The term "irrational exuberance" is a popular economic concept that was first coined by former Federal Reserve Chairman Alan Greenspan in 1996. Full definition
Note how ORCL's price departed markedly from either the orange - line or blue - line measures of true value in the period of irrational exuberance of 1998 - 2000, then plunged back down in the tech bubble's crash from 2000 - 2002.
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Jason Kirby of Maclean's brilliantly described the Bank of Canada's use of behavioural economics to warn of irrational exuberance in Vancouver and Toronto.
This is what happens when raging bull markets bordering on irrational exuberance take hold.
He actually used the term in the following rhetorical question he posed to his audience, «But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?»
Certainly this would explain the fact that the market cycle is characterized by irrational exuberance at its peaks and irrational pessimism at its troughs.
Likewise, a shift from irrational exuberance in the local economy to rational optimism would be a healthy change,» according to Paragon.
We should make note that Greenspan followed his comment about irrational exuberance by quickly adding that central bankers need not be concerned with the collapse of an asset bubble if it does not impair the real economy.
So while some may see the Trump Bump as irrational exuberance, it's really just a case of market giddiness.
«Looking at recent frenzy over virtual currencies worldwide, I worry whether there is some dose of irrational exuberance there,» Bank of Korea Governor Lee Ju - yeol said over a year - end event with reporters on Wednesday night.
BMO Financial Group Vice-Chair and APF Canada Director Kevin Lynch conjures Allan Greenspan and warns against irrational exuberance in his 2018 «Letter from Davos» that originally appeared in Policy magazine's March / April issue.
Given cryptocurrency volatility, isn't irrational exuberance perhaps a more plausible assumption?
When will this period of irrational exuberance end?
It has often been couched in terms of using monetary policy to prevent or deflate asset - price bubbles — perhaps to dampen irrational exuberance in stock markets.
The Fed wants to contain irrational exuberance that ultimately leads to massive asset price deflation.
Is this a case of irrational exuberance gripping investors?
If that is the case, then irrational exuberance is always going to be followed by irrational depression.
People have been warning about corrections, even irrational exuberance.
Enough to explain the difference between irrational exuberance and gloom?
In an environment of such irrational exuberance how can we expect Amazon to focus on the boring old market of eReaders?
The most common complaint I've heard since Hugh published his first findings is that somehow they represent what Alan Greenspan would have called irrational exuberance.
The market can stay irrational for long periods of time, and investors have shown irrational exuberance (as Shiller puts it) many times before, and this can repeat itself over and over again.
Unfortunately, it's usually much harder to spot irrational exuberance (or excessive fear at the trough) than during the tech boom.
Too many struggle with the apparent irrational exuberance, and even more so the sheer intangibility, of cryptocurrencies.
Peter and Krista immediately got a recommended realtor on their side to help navigate Vancouver's irrational exuberance condo market.
Starting in 1996 just when Alan Greenspan made his famous irrational exuberance speech.
So they're still applying the last century's failed investing model of «buying stocks at the top via irrational exuberance, and then selling them at the bottom via fear and panic.»
It also helps that as luck would have it, the weather is cooperating with skeptics and fueling irrational exuberance of deniers.
So we've been trying to tease out whether there are rational explanations for our current situation, or whether irrational exuberance is the only justification.
«Nothing important has ever been built without irrational exuberance» — Alan Greenspan (referring to the 2000s dot com bubble)...
That's how Las Vegas and Phoenix real estate got sucked in the vortex of LA irrational exuberance.
«Many small investors still typically sell at the bottom and buy in during periods that border on irrational exuberance.»
[H] ow do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions...?
But since we have seen markets sometimes overwhelmed by irrational exuberance or pessimism, we believe that an individual CEO can be unfairly blamed or credited for what is in fact a broad shift in valuation of many similar companies.
Then again, we may be living in irrational exuberance in the bond market keeping mortgage rates artificially low.
Our point is that as irrational exuberance has given way to overblown trepidation, stocks have become underappreciated and underutilized.
«I worry whether there is some dose of irrational exuberance there,» Bank of Korea Governor Lee Ju - yeol said.
This is not a bubble and it is not irrational exuberance.
When will this period of irrational exuberance end?
«A record high percentage of investors say equities are overvalued yet cash levels are simultaneously falling, an indicator of irrational exuberance,» he added.
«This is a consequence of irrational exuberance and the fact that some brokers so far are not allowing short trades in the future,» Hansen said by email.
To make it, entrepreneurs need to have tenacity and some irrational exuberance.
A lack of fear leads to «irrational exuberance,» when investors pay no attention to the fundamentals of their investment decisions.
«As Robert Shiller's new 2009 preface to his prescient classic on behavioral economics and market volatility asserts, the irrational exuberance of the stock and housing markets «has been ended by an economic crisis of a magnitude not seen since the Great Depression of the 1930s.
There was no mention of bubbles or irrational exuberance, suggesting the central bank continues to believe that the situation is under control.
By one closely watched measure of valuation, Alan Greenspan's irrational exuberance warning should be keeping investors near the sell button.
South Korea's central bank chief on Wednesday warned of «irrational exuberance» in trading of virtual coins, which have risen dramatically in value this year amid frenzied speculation.
They panic and sell when prices drop, then fall victim to what Alan Greenspan in 1996 called «irrational exuberance» and buy when prices soar.