Guest Post: Irrational Exuberance Redux: North Korea and its nuclear weapons, goals, and intentions
[The following guest post is submitted by Dr. Tara O, the author of this book, and whose bio you can read here.] Alan Greenspan, the Federal Reserve Board Chairman, called the overvaluation of the dot-com market “irrational exuberance” in 1996. The term was used again to describe the housing bubble of 2004 through 2007 by Yale Professor Robert Schiller. Now, here is another situation ripe for the term—the expectation that Kim Jong-un will give up his nuclear weapons. This irrational...