After a tumultuous 2020, the IRS will open tax filing season on Friday, February 12th, a few weeks later than years in the past. The deadline to file and pay any tax owed reverts to April 15th, after last year’s COVID-19 related extension.
Read MoreNearly 25 years ago, then Federal Reserve Chairman Alan Greenspan asked, “How do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions?” Given the recent volatile action of GameStop stock, those two words seem to be back in vogue, prompting me to wonder: Is irrational exuberance back?
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