When does the irrational exuberance of markets lead to asset price bubbles? A question pondered by Dr. Alan Greenspan, former Chairman of the US Federal Reserve, in December 1996. But the phrase "irrational exuberance" - a polite way of warning that the markets were in danger of overheating - turned out to rather be prescient. This was after all the dotcom era when anything with dotcom behind its name - no matter how flawed the business plan - was a licence to print money. When the tech bubble eventually burst investors took heavy losses while Greenspan looked for a way through the morass. The markets gradually picked up, money flowed in and the public felt rich: Alan Greenspan had worked his magic and restored America's Feel Good factor. When he retired in 2006 he was lauded as a genius, a tough act to follow...yet when the global financial crisis erupted, the fault lines were traced back to him. The hero was now a villain!
So why did it go wrong? Sebastian Mallaby is a journalist and author of the book 'The Man Who Knew: The Life and Times of Alan Greenspan'. He joined Share Radio's Juliette Foster in the studio.
The situation for many African countries has been buffered by the dramatic fall in commodity prices or China's economic slowdown. For example Nigeria, which draws the bulk of its wealth from oil revenue, has seen its economy slip into recession following the drop in the price of crude. The irony is that nearly a decade ago many Sub Saharan African countries were thriving as developed economies wrestled with the fallout of the 2008 global financial crisis.
So why have African countries fallen off the rails and what do they need to do to get back on track? Doctor Howard Stein is a Professor in Afro American and African Studies at the University of Michigan. He joined Share Radio's Juliette Foster in the studio with Professor John Weeks, Share Radio's regular economics commentator.
Our Responsible Investment Show aims to help investors understand the complexities of being involved, to disprove some of the common misconceptions, and to raise attention to the pressing investment issues of our time.
On this episode: Share Radio's Juliette Foster tackles cyber-crime with Thomas Fitzgerald, Associate Fund Manager at Eden Tree Investment Management. And Share Radio's Alex Clark investigates how renewable energy has fared in the last year with Paolo Frankl, Head of the International Energy Agency's Renewables Division.
How long do you spend online? Last year - the average adult spent three hours and nine minutes every day surfing the web - according to the internet advertising bureau. A typical household has more than seven online devices So what are we doing and what effect is it having on our lives? To find out, Georgie was joined by Dr Bernie Hogan, from the Oxford Internet Institute.
This week financial journalists Lindsay Cook and James walker enter the ring to fight for your rights in the financial world. We take a look at cold weather contracts - they are battling for your rights when it come to boiler breakdowns. Also on the agenda, are Black box insurance boxes the right way to go and ask if couples should have joint bank accounts?
Georgie Frost is joined in the studio by independent financial journalist Martyn Jame. Today they discuss the controversial decision which MPs voted on regarding approving Heathrow's third runway. Also on the agenda, high profile cyber-attacks are showing Brits the importance of security. Elsewhere, Britain's retail chains are closing 15 stores a day, while marmite is helping Tesco as sales soared by 61%. All this plus more on the News Review.
The Government have decided to expand Heathrow airport and build a third runway. Transport Secretary Chris Grayling says a new runway at Heathrow is a clear signal the UK is open for business following the Brexit vote. But what does the public think about this decision. We have live reaction from John Stewart of HACAN - the protest group, plus Julian Bray, an Aviation Expert and Matthew Jaffa from the Federation of Small Businesses.
Australia's Minister for Trade, Tourism & Investment, the Hon Steven Ciobo MP, joined Share Radio Morning Money to invite young Brits to turn their desire to work overseas into a reality. Half of young Brits are considering a temporary move abroad post-Brexit. In a new survey, 18-24 year olds don't think Brexit will have a positive impact on the UK, and Australia is where those surveyed would most like to work.
Post-Brexit infrastructure will be one of the discussion points at today's Westminster Energy, Environment and Transport Forum, where delegates will be debating the next steps for major infrastructure projects in the UK, such as Hinkley and HS2. So is Brexit a threat, or will these projects go ahead as smoothly as possible? Matt Cox spoke to Richard Threlfall, Partner and Head of Infrastructure Building & Construction at KPMG, to find out.
European trade policy has been thrown into disarray after Belgium’s government said it could not overcome regional objections to an EU-Canada trade deal, despite weeks of talks to rescue the agreement. The so-called CETA pact is on the brink of collapse, and for more Jeremy Cook, Chief Economist at World First, joined Share Radio Morning to explain further.