Perceptions of economic trends and growth rates around the world over the past two decades, especially in advanced economies, suggests that the world is in a period of low growth without external stimulus delivered via speculative activities in the financial markets or fiscal stimulus. But is...

Recent financial crisis shows a similar trend where the financial crisis follows an asset bubble. Such an asset bubble could be in stocks or the housing market. What is common is that the assets are not easily unwound given their size of investment (stocks) or long-term nature of the investment...