Description: This article explores the market volatility of 2008, and addresses the following question: “was the market behaving inefficiently as appeared to be the case in 2008, or was there something truly rational going on, which for most people was hard to see?”

Description: “The Great Tech Bubble is one of the great bubbles and collapses in financial market history. It’s an excellent reminder of the madness that humans in financial markets are capable of. That’s just in case we need another reminder right now.”

Description: Chronically low interest rates are a reflection of macroeconomic trends. Care must be exercised in making assumptions regarding mean reversion.

Description: The article contemplates whether there is heightened sensitivity towards how investment activity is portrayed and described.

Description: Invites readers to submit topics on the theme of "This Time It's Different. Members will then be invited to submit essays for and against.

Description: The author discusses the review of a recent 2001 Wall Street Journal’s semiannual survey of economists’ forecasts, starting by asking if there is a simple way to summarize the results and to extract a consensus forecast, and from this extraction, determine when an individual forecast is significantly different from that of the consensus.This article is reprinted with permission. It last ran in the Jan. 10, 2001 issue of The La Jolla Economics newsletter.

Description: This article discusses capital market cycles, specifically considering whether or not 2008 was a good time to buy. It concludes that “stocks have likely only recently entered the buying opportunity range on an aggregate basis. However, from a psychological and risk management perspective, we should strongly consider that stock prices will revert beyond the mean for many years, perhaps even decades, before they get better.”

Description: This articles explores the notion of whether the old rules and paradigms of investment strategy and caution may no longer be applicable in today’s financial environment, because things were “different this time.”

Description: Argues renewable energy will displace fossil fuels, leading to investment opportunities and risks