Robert Schiller

In a new blog post, A Wealth of Common Sense’s Ben Carlson argues that there’s never been a better time to buy a house. Surprisingly, housing prices have nothing to do with his argument. “Everything is online these days, and you can typically see 20–30 pictures of every...

A new report in The Regional Economist by Silvio Contessi focuses on the difficulties of identifying an asset pricing bubble in real time. While it seems easy to identify bubbles such as the housing bubble and the dot com bubble in hindsight, identifying a disconnect between asset price and asset...