Gen Zers are no doubt baffled by such recent headlines as “Fed Chair Powell just had his ‘irrational exuberance’ moment, Ed Yardeni says,” and “Did Jerome Powell Just Say ‘Irrational Exuberance’?” Those headlines refer to a long-ago event involving a previous Fed chair, dizzyingly high stock prices, and an eventual market crash. But beware: Some market soothsayers misinterpret that earlier …
Read More »Back in the ’90s a Fed chief warned about ‘irrational exuberance’ in the markets. Stocks rose 105% over the next 4 years
