I'm sorry I used that term. It's one which does suggest a froth in the market place. I would hesitate to use it in today's context.

There do appear to be, at a minimum, signs of froth in some local markets,

I'm a free-market economist from years and years back, and I've never veered from that.

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

Such developments apparently reflect not only market dynamics but also the all-too-evident alternating and infectious bouts of human euphoria and distress and the instability they engender,

I was sort of shocked when it all of a sudden turned out that I got all A's through college, with the exception of two B's in the first term. I never envisaged myself as summa cum laude.