Irrational Weariness?

摘要

Alan Greenspan coined the phrase "irrational exuberance" to describe the frenzied growth of the stock market in the very late 20th century. Many, like me, naturally assume that there must be a flipside. Not that I would use it to describe current economic conditions, but there has been a great deal happening lately to describe the situation as chaotic, at the least-a presidential election, contradictory economic news, and financial indicators, like the Dow Jones, that bounce around like a superball. We have been inundated with quarterly and half-year reports, as well as other news, commonly seeing words like reduced, adjusted, postponed, or cancelled to describe business plans for the near future. But we have also seen our fair share of the phrases expanding and moving forward. It's these contradictions in terms and actions that have many worried over the uncertainty of it all.