Finance Faculty in the News: December 2020

James Choi

• “Advice for a Better 2021—According to the Research,” Yale Insights
• “How Applying Regression To The Mean Can Improve Investment Performance,” Forbes

William B. English

• “In pandemic, Fed showed its muscle in markets still matters,” Reuters
• “WATCH: Fed chair Jerome Powell discusses economy,” PBS
• “Fed Reinforces Plans to Provide Open-Ended Stimulus to Spur Recovery,” The Wall Street Journal
• “Fed keeps rate near zero and sees brighter economy in 2021,” AP

William Goetzmann

• “Opinion: Wall Street traders now are highly polarized — just like they were at the February 2020 market top,” MarketWatch
• “Are Stocks, Real Estate in Asset Bubbles?” U.S. News

Gary Gorton

• “Modeling the Legend, or, the Trouble with Diamond and Dybvig: Part I,” Cato at Liberty

Roger Ibbotson

• “Long-Term Real Estate Returns,” Seeking Alpha

Song Ma

• “Advice for a Better 2021—According to the Research,” Yale Insights

Robert Shiller

• “Robert Shiller on How Viral Narratives Shape Our World,” Financial Sense Wealth Management (podcast)
• “Rising Interest Rates Could Lock in Irrational Depression at the Worst Time for Doing So,” ValueWalk
• “MOM Knows Best: An ETF to Cautiously Approach Momentum in 2021,” ETF Trends
• “Stocks Are the Most Attractive Since 1980, Nobel-Winning Economist Says,” Forbes
• “Escape From CAPE Fear,” Seeking Alpha
• “Has the Fed Rewritten the Laws of Investing?” The Wall Street Journal
• “Opinion: This Christmas, Wall Street is partying like it’s 1999,” MarketWatch
• “The Stock Market Could Tumble Even If Covid Is Over Next Year,” Forbes
• “SPY: 100 Years Of Data Says Buy & Hold Will Fail You,” Seeking Alpha
• “Today’s Low Interest Rates Should Make Us Even More Concerned Over Today’s High Stock Prices,” ValueWalk
• “Soaring Stock Valuations No Big Deal to Powell Next to Bonds,” Bloomberg
• “There is no stock market bubble,” The Irish Times
• “What explains investors’ enthusiasm for risky assets?” The Economist
• “Robert Shiller calls stocks ‘highly priced,’ but wouldn’t cash out,” CNBC
• “Pricey stocks may yet head higher as uneven economic recovery maintains grip on U.S.,” The Washington Post
• “Huge Valuations are Making Investors Uneasy,” Nasdaq
• “One gauge of stock-market valuation has reached its highest point since the dot-com bubble - and exceeds levels seen before the 1929 crash,” Business Insider
• “Swelling US stock valuations leave some investors uneasy,” Financial Times
• “A popular stock-market indicator flashes red as Dow soars to records Friday,” Bloomberg
• “These Five Charts Throw Cold Water on Chances of Santa Rally,” Bloomberg
• “Expensive stocks do not necessarily mean a crash is close,” The Economist
• “Bitcoin Is the Tulipmania That Refuses to Die,” Bloomberg
• “Making Sense of Sky-High Stock Prices,” Project Syndicate
• “Stock Prices 'Not as Absurd' as Some Think: Shiller,” ThinkAdvisor
• “Sky-high stock prices make sense, Robert Shiller says,” MarketWatch

Kelly Shue

• “The Peter Principle: The consequences of over-promotion and how to avoid it,” The Business Standard (India)

Matthew Spiegel

• “Yale professors study COVID-19 protocol effectiveness as local businesses rebound from pandemic,” ABC Action News
• “Gov. Wolf, Sec. of Health Announce New Protective Mitigation Efforts to Put Pennsylvania on Pause through Early January,” PA.gov
• “New COVID-19 restrictions just hours away from going into effect in Pennsylvania,” WPXI
• “CT Mirror’s Coronavirus Panel: The Road Ahead for Connecticut,” The CT Mirror
• “Steady Habits: Health experts weigh in on vaccine, mandates, equity,” CT Mirror
• “OPINION: Keeping Retail Open Must Be Part of New York’s COVID-19 Response,” Bklyner

Heather Tookes

• “Yale professors study COVID-19 protocol effectiveness as local businesses rebound from pandemic,” ABC Action News
• “OPINION: Keeping Retail Open Must Be Part of New York’s COVID-19 Response,” Bklyner
• “Gov. Wolf, Sec. of Health Announce New Protective Mitigation Efforts to Put Pennsylvania on Pause through Early January,” PA.gov
• “New COVID-19 restrictions just hours away from going into effect in Pennsylvania,” WPXI
• “What’s the science behind L.A.’s new restrictions? We asked the experts,” Los Angeles Times