Source: United States & Canada – South China Morning PostHow do we know when a stock market boom is about to end in a bust, or when an asset bubble is about to burst? There is little point in looking to market practitioners or analysts for objective answers as they are generally too anxious to preserve their market-linked bonuses.
But what about economists – at least those who either still work in academia or for multilateral institutions such as the International Monetary Fund, rather than investment banks? Surely those who have no vested interest in…Read More