FAZ: Jeder Kreditboom endet in einer Finanzkrise? Von wegen!

Frankfurter Allgemeine Zeitung, January 04, 2018, by Gerald Braunberger. “Seit der Finanzkrise schauen viele Beobachter mit Argusaugen auf das Kreditwachstum auf der Welt. Denn ein starkes Wachstum der Kredite gilt seit der vor rund zehn Jahren ausgebrochenen Krise als ein Vorbote für eine anschließende Finanzkrise. Und das ist kein Einzelfall:...

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Washington Post: Massive new data set suggests economic inequality is about to get even worse

Washington Post, January 04, 2018, by Christopher Ingraham. “The “endless inegalitarian spiral” may be coming for us sooner than we think. In his best-selling 2014 book “Capital in the Twenty-First Century,” French economist Thomas Piketty warned that if the already rich were able to accumulate wealth faster than economies were...

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Bloomberg: Land Is Underrated as a Source of Wealth

Bloomberg, January 02, 2018, by Noah Smith. “When most people think of wealth in the modern economy, they tend to think of stocks and bonds. The word “capital” is often synonymous with corporate ownership. Land wealth, meanwhile, is often relegated to a footnote. Yes, people own houses, but vast fortunes...

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Financial Times: Take the very long view on asset prices

Financial Times, December 21, 2017, by Gillian Tett. “The authors of “The Rate of Return on Everything, 1870-2015” — Oscar Jorda, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick and Alan Taylor — have not done this for narrow investment purposes. Instead, they hope to contribute to the academic debates which are...

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Moritz Schularick awarded ERC Consolidator Grant

European Research Council, 28th of November “Is your home a safe investment? Popular wisdom has it that, when deciding where to put your money, nothing is as safe as investing in brick and mortar. Buying a house, in the last century, has become an almost compulsory step towards “financial adulthood”,...

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