This is what a financial crisis looks like on Wall Street.
AP Photo/Richard Drew
The Fed cut rates for the third time in as many months – something practically unheard of in a strong economy.
Christian Bale plays quirky hedge fund Michael Burry in The Big Short (2015).
Michael Burry was right about the bubble that caused the Global Financial Crisis. He's wrong about the next bubble being passive investment.
Andrew Simms (New Weather Institute), Sally Svenlen (RE student), Larry Elliott (
Guardian), Steve Keen (Debunking Economics) and Kate Raworth (Doughnut Economics) symbolically nail the “33 Theses” to the door of the London School of Economics in December 2017.
Nailed to the door of the London School of Economics, the ‘33 Theses’ offer a long overdue challenge to economics dogma. But there are omissions as well.
Floraes Mallewagen (Flora's wagon of fools): Hendrik Gerritsz Pot, c1640 (photo: Laura Blanchard)
Bitcoin is being compared to tulips, but I researched tulip mania for years and found no evidence of mass bankruptcies or economic meltdown.
The record level of the price-to-earnings ratio for equities is increasingly worrying. But how do we determine whether the price of a stock – or an exchange – is valued at its fair price or overvalued?
Were U.S. diplomats at the embassy in Cuba stricken by a mass delusion?
AP Photo/Ramon Espinosa
Sociologists know what conditions make it more likely a mass delusion will take hold and spread through a group – whether adherence to a fashion fad or belief in a doomsday cult.