Publications

One-Pager No. 66 | April 2021

Anatomy of a Stock Market Bubble

According to Frank Veneroso, a broad subset of today’s US stock market has become what he calls a “pure price-chasing bubble.” Examination of the history of comparable pure price-chasing bubbles shows there has been a set of key causal factors that contributed to these rare market events. The most extreme such case was an over-the-counter market in Kuwait called the “Souk al-Manakh.” This exemplar of a pure price-chasing phenomenon may shed light—albeit unflattering—on the current US equity market, Veneroso contends.
Download:
Associated Program:
Author(s):
Frank Veneroso
Related Topic(s):

Related Publications


Publication Highlight

Working Paper No. 992
Modeling Monopoly Money
Government as the Source of the Price Level and Unemployment
Author(s): Sam Levey
August 2021

Quick Search

Search in: