irrational exuberance

Greenspan was a driving force for change at the Fed and a guiding light for investors, though his legacy is clouded by the Great Recession. The article references his role in shaping economic policy and the impact of the 2008 crisis on his reputation.

Alan Greenspan, who passed away at 100, expanded the Federal Reserve's power during his five terms as chair, shifting monetary policy from monetarism to data dependence and establishing emergency liquidity measures like the 'Greenspan put'. His tenure included notable events like the 1987 Black Monday crash and the 1996 'irrational exuberance' warning.

Alan Greenspan, the former Federal Reserve chairman who led during a major US economic boom, died at 100. He served 18 years at the Fed, known for defending central bank independence and using opaque communication, but critics blame his oversight of the 2008 housing bubble.

Alan Greenspan, who chaired the Federal Reserve under four U.S. presidents, died at 100. In 1996, he warned about 'irrational exuberance,' a concept now exemplified in today's politics according to CBS News correspondent Major Garrett.

Alan Greenspan died at 100 from Parkinson’s disease complications. He led the Federal Reserve for 18.5 years, overseeing economic growth but later faced criticism for policies linked to the 2008 financial crisis.

Taiwan has surpassed India to become the world's fifth-largest stock market, driven by an AI boom and the performance of Taiwan Semiconductor Manufacturing Co. (TSMC), which has risen 46% this year and is a key catalyst for the market and economic growth.