The Many Models for Depression

People often argue whether depression is, or is not, caused by a "chemical imbalance". Much of what happens in our brains is chemical, why would depression not be? If by "imbalance" we happen to mean "a state of brain chemicals that the patient doesn't want", as opposed to, say, some specific theory that is now discredited like "not enough serotonin" (i.e., the low serotonin myth), then depression can reasonably be thought of as a "chemical imbalance". Disagreement about whether depressi...
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Can you tell when you’re in the middle of a financial bubble?

Valuation bubbles seem obvious after they collapse or have a big correction (in fact, they often seem insane in retrospect), but is it possible to tell when you're inside one? If it is obvious to most investors that there is a bubble, presumably, that bubble would be likely to burst quickly. So, we shouldn't expect it to be particularly obvious from the inside of a bubble that one is currently happening. That being said, here are some signs that I think tend to be predictive of bubbles (t...
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