Irrational Exuberance Replaced With Ill-Informed Stupidity
WASHINGTON D.C. – In a statement released on Wednesday Federal Reserve Chair Janet Yellin warned that irrational exuberance has been replaced with ill-informed stupidity. Hearkening to a term coined by former Fed Chair Alan Greenspan, Yellin said that “At least the late 90’s exuberance was fun and well intended. People got caught up in the excitement of the market. Now they’re just stupid ignoramusus.” She then quipped her hope that the term “stupid ignoramuses” would live on in infamy as much as Greenspan’s “irrational exuberance”. “Make sure I get credit for that one…” the statement reads.
As of press time media response has been lukewarm.