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Markets

What Does a Record Stock Market Mean?

We asked Yale SOM’s William Goetzmann, an expert on financial markets and the history of finance, what soaring stock prices say about the economy and the future of the markets.

A trader in front of computer terminals at the New York Stock Exchange
  • Janet Yellen Worries the Fed May Not Have the Tools to Fight the Next Downturn

    The former Federal Reserve chair discusses what the Fed can do to help stabilize the economy and get it turned around when rate cuts aren’t enough.

    Janet Yellen, then chair of the Federal Reserve, on television monitors at the New York Stock Exchange in June 2014. Photo: Jin Lee/Bloomberg via Getty Images.
  • Are We Asking Too Much of Central Banks?

    Paul Tucker, a former deputy governor of the Bank of England, says that giving central bankers too much power can lead to dangerous unintended consequences.

    Mario Draghi (center), president of the European Central Bank, during a news conference in December 2017. Photo: Alex Kraus/Bloomberg via Getty Images.
  • Is Cannabis a Good Investment? 

    Brendan Kennedy ’05, a founder of leading cannabis investor Privateer Holdings, talks about where the industry is going.

    Indoor cannabis cultivation
  • Three Questions: Is This the End of Sears? 

    After decades of decline, Sears filed for bankruptcy in October. Yale Insights asked bankruptcy expert Stanley Garstka what would remain of the once-dominant retailer and its heritage at the end of the process.

    A Sears retail store in Lafayette, Louisiana, in 1981. Photo: Library of Congress.
  • Lessons for the Crisis Fighters

    Yale SOM’s Andrew Metrick and the Yale Program on Financial Stability are studying the global financial crisis of 2007-09, working to create the knowledge and tools to prepare the next generation of policymakers who find themselves in the eye of a monetary maelstrom.

    The New York Stock Exchange on September 17, 2008. The Dow Jones Industrial Average closed down 449 points, a day after an $85 billion bailout of AIG. Photo: Mario Tama/Getty Images.
  • When Should Companies Share Information with Competitors?

    A study by Yale SOM’s Tristan Botelho suggests that, under certain circumstances, companies could benefit from sharing detailed information with competitors.

    An illustration showing the sharing of various types of information
  • SEC Settlement Won’t Fix Tesla

    Tesla may have reached a settlement with the SEC, Yale SOM's Jeffrey Sonnenfeld writes, but the company's board still needs to address the problems created by its brilliant, self-destructive CEO.

    Tesla dealership
  • Three Questions: Prof. Jacob Thomas on Tesla’s Bid to Go Private

    We asked Yale SOM’s Jacob Thomas, an expert on stock prices and company valuation, about the prospects for Elon Musk’s plan.

  • Is Antitrust Enforcement Out of Date? 

    U.S. antitrust laws, Yale SOM’s Fiona Scott Morton says, were written when new technology meant “typewriters and buggy whips and bicycles.” She assembled a group of economists and legal scholars to examine areas in which enforcement is out of sync with a changing economy.

    The buggy whips page from the 1910 Sears, Roebuck & Co. "Harness, Saddles, and Saddlery Goods" catalog
  • Three Questions: Prof. Peter K. Schott on Tariffs and Trade Wars

    President Trump has imposed a series of tariffs, raising tensions with allies and prompting other countries to respond in kind. We asked Yale SOM’s Peter K. Schott, who studies how firms and workers respond to globalization, to assess the current climate.

    Harley-Davidson motorcycle and rider