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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: IceShark who wrote (21097)2/23/1999 2:07:00 PM
From: yard_man  Read Replies (3) of 86076
 
where can we go check Greenie on this:

GREENSPAN: "If you go back to the text of that 1996 speech, which was a very turgid speech that put an awful lot of people to sleep through most of it, what I
was trying to raise was that I was concerned that the discussions with respect to the various elements of how one should do monetary policy, whether we should
begin to start to look at the issue of not only the price of goods and services but also the price of assets as well.

"I raised the issues of what had been effectively a bubble in Japan in (the) 1980s into 1990 and other previous periods where it was very difficult to know if you had
a bubble or whether or not you had some real underlying force in the marketplace. And the question I was asking abstractly was how will we know when markets
are gripped by 'irrational exuberance'


Sounds like spin to me ...
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