Two days before Alan Greenspan, then chairman of the US Federal Reserve, coined the phrase 'irrational exuberance' in 1996, Professor Robert Shiller warned him that market levels were irrational.
Richard Beddard spends a very unhealthy amount of time watching the stockmarket.
Odd, perhaps that at the turn of the year you would not have found many banking pundits tipping old Standard Chartered.
Ahh. Northern Spain. Perhaps Europe's most fabulous food. Wonderful weather and stunning countryside.
Eeeeek! Credit crunch. US recession. Tanking markets, collapsing bank, carnage, chaos and mayhem everywhere.
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