"Irrational Exuberance" describes a period of unsustainable Market Bubble, where asset prices rise purely on Speculation. This market enthusiasm, often detached from fundamental value, can precede a significant economic downturn.
"Irrational Exuberance" describes a period of unsustainable Market Bubble, where asset prices rise purely on Speculation. This market enthusiasm, often detached from fundamental value, can precede a significant economic downturn.