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Mortgage Interest Rates | Florida Mortgage: Just Another Cycle – Article Dashboard

But there were concerns. The Chairman of the Federal Reserve Board, Alan Greenspan, popularized the phrase, “irrational exuberance” in a speech in 1996, asking, “How do we know when irrational exuberance has duly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?” His phrase would be echoed over the next several    .. more …