Harvard Business Review
JANUARY 8, 2014
They’ve also characterized the San Francisco Bay area’s real estate market over a far longer period. There has been only one widely accepted and durable “model of asset price determination” for stock, bonds, and the like. Yet neither has collapsed. The man has a point, but only up to a point.
Harvard Business Review
NOVEMBER 21, 2012
Other countries sometimes have actual fiscal crises, when investors around the world (not to mention most locals) lose confidence in their government bonds and/or their currency. The then-sainted Alan Greenspan had given them ample cover, by expressing concerns that surpluses might eventually kill the bond market.
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