Serious investment thinking that doesn’t take itself too seriously.
Our professorial contributors illuminate the latest academic research in real estate and economic policy
In 1988 Michael Sklarz and I published a paper called “It’s Time for Some Options in Real Estate.” In 1995 David Geltner and I suggested that we needed a fourth asset class, Housing Equity Investment Trusts (HEITs), whereby an owner could sell part of their home price appreciation to investors and...
Various aspects of cryptocurrency use have been banned in China numerous times over the better part of the past decade. The most stringent barriers yet, though, were announced on...
We take it for granted that we can go to a supermarket and buy all the food we need or get it delivered. However, as we look forward, that may not always be the case. The UK...
A trade deal between the UK and the US was once counted as a great potential prize of Brexit. But now those plans have been delayed, with no clear timetable in sight....
If you are like me, you regularly interact with people who remain unphased by America’s recent giant strides towards authoritarian socialism, of an economy run largely by...
Why these obscure products could cause the next global financial crisis. At the heart of the global financial crisis of 2007-09 was an obscure credit derivative...
“No wonder people f—–g hate landlords.” That was what comedian Andy Richter tweeted (since deleted). What caused that reaction? A landlord wanted six month's advance rent on an...
There’s a faded silver cup on my bookshelf. If you look closely at it, a faded imprint reads 'eSpeed: We Are Markets'. I received it at a securities industry trade show in the...
Europeans and other Western nations have dominated automotive excellence for over a century. Whether it's the satisfying thud of the door closing on a Volkswagen from Wolfsburg...
In July, CNN reported that the Chinese hosted a formal Taliban envoy in Tianjin, demonstrating the CCP’s intentions to pursue greater engagement with the region on its western...