Alan Greenspan Quote

History suggests that they [valuations] also reflect waves of optimism and pessimism that can be set off by small exogenous events.


To a symposium at Jackson Hole, Wyoming, 27 August 1999


History suggests that they [valuations] also reflect waves of optimism and pessimism that can be set off by small exogenous events.

History suggests that they [valuations] also reflect waves of optimism and pessimism that can be set off by small exogenous events.

History suggests that they [valuations] also reflect waves of optimism and pessimism that can be set off by small exogenous events.

History suggests that they [valuations] also reflect waves of optimism and pessimism that can be set off by small exogenous events.