I recently read Kritzmen and Li’s clever 2010 paper Skulls, Financial Turbulence, and Risk Management. Kritzmen and Li characterize financial turbulence as a period where established financial relationships uncouple, prices swing, and market predictions break down. Does that sound like financial markets in 2020? Yup. So I thought it would be interesting to take a… Read More Financial Turbulence: Off the Chart