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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (50418)5/24/2004 6:35:19 PM
From: Tommaso  Read Replies (1) of 74559
 
>>>he said it was difficult to know when irrational exuberance is under way<<

He didn't say that at first. He just said it to weasel out of taking any action. He was terribly afraid of precipitating a second Great Depression. He will be known as having designed the Great Inflation of the early 21st century.
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