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The Mother Of All Irrational Exuberance
11-23-2017, 03:53 PM,
#1
The Mother Of All Irrational Exuberance
The Mother Of All Irrational Exuberance

You could almost understand the irrational exuberance of 1999-2000. That's because everything was seemingly coming up roses, meaning that cap rates arguably had rational room to rise. But eventually the mania lost all touch with reality; it succumbed to an upwelling of madness that at length made even Alan Greenspan look like a complete fool, as we document below.


http://davidstockmanscontracorner.com/th...xuberance/
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