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Today’s Wacky Markets Could Be Beyond Irrational Exuberance

Randall W. Forsyth
·3 min read
Today’s Wacky Markets Could Be Beyond Irrational Exuberance
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Alan Greenspan’s famous phrase doesn’t do justice to some current developments. Cases in point: a $100 million deli, a desperate reach for yield, and Coinbase’s mega-valuation.