{"id":41035,"date":"2024-06-06T12:59:12","date_gmt":"2024-06-06T11:59:12","guid":{"rendered":"https:\/\/vertu.com\/?p=41035"},"modified":"2024-06-06T12:59:12","modified_gmt":"2024-06-06T11:59:12","slug":"financial-times-talk-of-irrationalexuberance-buildsin-frothy-us-stocks","status":"publish","type":"post","link":"https:\/\/legacy.vertu.com\/ar\/%d9%86%d9%85%d8%b7-%d8%a7%d9%84%d8%ad%d9%8a%d8%a7%d8%a9\/financial-times-talk-of-irrationalexuberance-buildsin-frothy-us-stocks\/","title":{"rendered":"\u0641\u0627\u064a\u0646\u0627\u0646\u0634\u0627\u0644 \u062a\u0627\u064a\u0645\u0632 - \u0627\u0644\u062d\u062f\u064a\u062b \u0639\u0646 &quot;\u0627\u0644\u062a\u0641\u0627\u0624\u0644 \u063a\u064a\u0631 \u0627\u0644\u0639\u0642\u0644\u0627\u0646\u064a&quot; \u064a\u062a\u0635\u0627\u0639\u062f \u0641\u064a \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629"},"content":{"rendered":"<p>Not to worry anyone, but the phrase \u201cirrational exuberance&#8221; keeps cropping up inconversations with investors.This is not normal, and not a great sign.<br \/>\nThe famous term was apparently dreamt up in the bath by former FederaReserve chair Alan Greenspan, and unleashed in a televised speech he delivered in 1996. At the time, the ill-fateddotcom bubble was in full swing, withshares of dozens ofuntested, unprofitable tech companies soaring to the moon,often on theflimsiest ofrationales.\u201cLower risk premiums imply higherprices of stocks and other earningassets . . . ,&#8221;Greenspan said on that fateful day. \u201cBut how do we know when irrational exuberance has unduly escalated asset values, which then become subjectto unexpected and prolonged contractions as they have in Japan over the past decade?&#8221; Markets dropped sharply inresponse to what was clearly, in retrospect, an early skirmish in the ugly market collapse in the following years.<\/p>\n<p><a class=\"pdf-link\" href=\"http:\/\/cdn-life.vertu.com\/\/2024\/3\/5\/10\/45\/50\/139986620\/admin.center-file-1-81-1709606750.105.pdf\" rel=\"nofollow noopener\" target=\"_blank\">The Wall Street Journal\uff1aTalk of &#8216;irrationalexuberance'  buildsin frothy US stocks.pdf-size0.13GB<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u0644\u0627 \u062f\u0627\u0639\u064a \u0644\u0644\u0642\u0644\u0642\u060c \u0648\u0644\u0643\u0646 \u0639\u0628\u0627\u0631\u0629 &quot;\u0627\u0644\u0646\u0634\u0648\u0629 \u063a\u064a\u0631 \u0627\u0644\u0639\u0642\u0644\u0627\u0646\u064a\u0629&quot; \u062a\u0638\u0644 \u062a\u0638\u0647\u0631 \u0641\u064a \u0645\u062d\u0627\u062f\u062b\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646. \u0648\u0647\u0630\u0627 \u0644\u064a\u0633 \u0637\u0628\u064a\u0639\u064a\u0627\u060c \u0648\u0644\u0627 \u064a\u0646\u0628\u063a\u064a \u0623\u0646 \u064a\u0643\u0648\u0646 \u0643\u0630\u0644\u0643.<\/p>","protected":false},"author":1,"featured_media":41034,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[51],"tags":[],"class_list":["post-41035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/legacy.vertu.com\/ar\/wp-json\/wp\/v2\/posts\/41035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/legacy.vertu.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legacy.vertu.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legacy.vertu.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legacy.vertu.com\/ar\/wp-json\/wp\/v2\/comments?post=41035"}],"version-history":[{"count":0,"href":"https:\/\/legacy.vertu.com\/ar\/wp-json\/wp\/v2\/posts\/41035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/legacy.vertu.com\/ar\/wp-json\/wp\/v2\/media\/41034"}],"wp:attachment":[{"href":"https:\/\/legacy.vertu.com\/ar\/wp-json\/wp\/v2\/media?parent=41035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legacy.vertu.com\/ar\/wp-json\/wp\/v2\/categories?post=41035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legacy.vertu.com\/ar\/wp-json\/wp\/v2\/tags?post=41035"}],"curies":[{"name":"\u0648\u0648\u0631\u062f\u0628\u0631\u064a\u0633","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}