Don't fret your departure Charles, I've always felt that there was always a lot of Bologna in you.

Good Morning Charles,
Yeah, I figured you were out of town when I saw that photo of DT Berlin. The picture of the house fascinates me. A bucolic setting no doubt. I trust you're enjoying yourself.

I don't think you can have it both ways, Charles. On the one hand, you criticize Fama for not having "an idea of what an asset bubble is." But you also seem to be claiming that asset bubbles are not a suitable subject for study. How are we to understand asset bubbles unless we study them?

3, i think asset bubbles, price evaluations, even derivatives should concern economics but not be economics.