“A bubble is an upward price movement over an extended range that then implodes” Charles Kindleberger (1978)
“Any unsound undertaking accompanied by a high degree of speculation” Palgrave, Dictionary of Political Economy (1926)
"How do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contraction...?" Alan Greenspan (1996)
“When everyone rushes in the same direction, it is hard for financial speculators to stand aside and recall the lessons of past stampedes” Financial Times, “The Madness of Crowds”, December 22, 1998
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