15 Years Later

It was 15 years agone today that Fed Chairman Alan Greenspan gave his famous "irrational exuberance" speech, which suggested that U.S. equities were overvalued. 

Between in addition to thus in addition to now, on an annualized basis,

• the provide on the U.S. stock market has been 5.55 percent.
• the provide on the U.S. bond market has been 5.98 percent.

Score that every bit i betoken for Alan.
Sumber https://gregmankiw.blogspot.com/