"Volatility as Social Flaring"

[Doug Henwood]

J. Barkley Rosser, Jr. wrote:

>Alan Greenspan accurately labeled it "irrational exuberance."

Ah, but that was more than 4 years ago. AG changed his tune, saying 
that he wouldn't presume to second-guess millions of very 
sophisticated investors, and the productivity boom could have changed 
everything. Of course, irrational exuberance is a fading memory.

Doug