Remarks at the National Association for Business Economics Annual Meeting, New York City.

Remarks at the Barclays 16th Annual Global Inflation-Linked Conference, New York City.

Remarks at the at the Society of American Business Editors and Writers Fall Conference, City University of New York, Graduate School of Journalism, New York City.

Remarks at the Quarterly Regional Economic Press Briefing, New York City.

Remarks at Dominican College, Orangeburg, New York.

Remarks at the Washington and Lee University H. Parker Willis Lecture in Political Economics, Lexington, Virginia.

Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.

Remarks at New York University's Stern School of Business, New York City.

During the early 1990s, asset prices and investment were unusually weak throughout the industrial world. This paper highlights this stylized fact, and connects it with another: in most of the industrial world, asset markets boomed for several years before collapsing around 1989. The paper...