Latin America s Irrational Exuberance

Evidence of either irrational exuberance or market expectations of a bailout is already mounting.

In the second edition of my book Irrational Exuberance, I tried to give a better definition of a bubble.

Home values have soared to high levels in many countries as irrational exuberance grips the markets.

Shiller s arguments were compelling. They persuaded Alan Greenspan to give his famous irrational exuberance speech at the American Enterprise Institute in December 1996.

If a good education remains the preserve of the elite, no amount of irrational exuberance will be able to mask the long term threat to economic growth and political stability.

This was the same Greenspan who in 1996 warned of irrational exuberance and, then, as Fed chairman, did nothing to check it.

Exuberant Brazil

Europe s Bad Trade Gamble?

Semi Rational Exuberance

Scarcity in an Age of Plenty

China s End of Exuberance

I was in a land of plenty.

The thoughtless things he'll do will hurt and worry you.

Although changes in market psychology are difficult to understand, the broad concerns that underlie such episodes of irrational exuberance are almost always clear.

It is abundance, as opposed to scarcity.

Welcome to the economics of abundance.

It doesn't really feel like playing mindless action video games.

Warnings about irrational market exuberance were largely ignored, especially as US consumer spending helped fuel strong growth across the global economy.

Is the problem systemic?

Shiller s arguments were compelling. They persuaded Alan Greenspan to give his famous irrational exuberance speech at the American Enterprise Institute in December 1996.

Markets seem to be driven by stories, as I emphasize in my book Irrational Exuberance. There are stories of great new eras and of looming depressions.

PARIS The bailout of the financial system was a bizarre moment in economic history, for it benefited those who benefited most from the markets irrational exuberance the bosses of financial firms.

She urged Palestinians to avoid...reckless driving, writes Lebanese commentator Asad Abu Khalil.

Just why is it that stock markets around the world are subject to fits of irrational exuberance and excessive pessimism ? Why don t rational and informed investors take more steps to bet heavily on fundamentals and against the enthusiasms of the uninformed crowd?

We have recently had our own cycles of exuberance and disintegration.

International money flows aside from inflows into the US are not yet at levels associated with irrational exuberance, but there is still time for that to happen before interest rates start to rise.

Central banks are better at restraining markets irrational exuberance in a bubble restricting the availability of credit or raising interest rates to rein in the economy than at promoting investment in a recession.

The world cannot allow this senseless carnage to go on.

And he got what he deserved, for having joined such a frivolous venture so lightheartedly.

But this abundance is under threat.

Will it be born into a world of abundance or scarcity?

Such reckless and irresponsible behavior abounded.

The West European approach to dealing with crazed banks is quite different.

If you believe that the blame lies with greedy bankers and unthinking investors, lulled by the promise of a government bailout, or with a market driven crazy by irrational exuberance, we had studied all this too, in great detail.

A collective adventure in generalized joy and freely interdependent exuberance. Now, play isn't passive.

This kind of innundation of stories about children in peril and danger creates the illusion that children are actually in danger.

Then the Bush administration s reckless fiscal policy pushed it lower.

We have a paradox of growing poverty in the midst of potential plenty.

And they are also part of the abundant media landscape we're getting now.

But here, here is the biggest force for bringing about a world of abundance.

Back then, irrational news decisions, sycophancy, and propaganda were passed off as journalism.

It allows food to travel from lands of plenty to lands of little.

The problems underlying Japan's decline are legion.

Jacques Cousteau's shows on TV, with all this richness and abundance and diversity.