'A bear market could come without warning or apparent reason, or with the next recession, which would negatively affect corporate earnings. That outcome is hardly assured, but it would...
The Old Allure of New Money
'The cryptocurrencies are a statement of faith in a new community of entrepreneurial cosmopolitans who hold themselves above national governments,' writes the Nobel Prize-winning economist, author and Yale professor....
The World’s Priciest Stock Market
'In pricing stock markets, people don’t seem to be relying on any good forecast of the next ten years’ earnings. They just seem to look at the past ten...
Another Nobel Surprise for Economics
The Nobel committee just honored Richard Thaler, one of the founders of behavioral economics. Our guest columnist calls the choice controversial but appropriate.
The Illusions Driving Up US Asset Prices
'The Dow is up only 19% in real (inflation-adjusted) terms since 2000. A 19% increase in 17 years is underwhelming, and the national home price index that Karl Case...
Inspiring Economic Growth
The Nobel Prize-winning Yale economist believes that a big, inspiring fiscal stimulus, akin to the 1960s space program of the 1960s, might cure what ails America.
Parallels to 1937
"Now, as then, people have been disappointed for a long time, and many are despairing," writes the 2013 Nobel laureate in economics.
Booming Until It Hurts?
As usual, the stock market appears to be climbing a wall of worry. This 2013 Nobel laureate believes that such worries are healthy, but only as long as they...
The Opposite of Austerity
The respected Yale economist argues that temporarily higher taxes and higher spending is a better path to recovery than permanently lower taxes and lower spending.
A Man Without a Plan
Obama’s chief economic adviser is Gene Sperling, head of the National Economic Council. Unlike the typical academic economist, Sperling concentrates on practical things that might lift the economy, writes...
Put Your Money Where Your Neurons Are
The author of "Rational Exuberance" and co-creator of the Case-Shiller Home Price Indices heralds a new science that will help us understand economics by studying the physical structures that...