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FORBES: Connect

Each year, I analyze the primary drivers of asset class long-term returns including risk as measured by implied volatility, expected earnings growth based on GDP estimates and foreign business expansion, market implied inflation based on the spread between long-term Treasury Bonds and TIPS, and current cash payouts from interest and dividends on bond and stock indexes.

FORBES: A 30-year Market Forecast

Step 3: Create a realistic view of long-term risk and return estimates for each asset class.

FORBES: Investors Need To Make Money, Not Beat Benchmarks

Note that, in warning against excessive concentrations or common exposures across the banking system, regulators need not make a judgment about whether a particular asset class is mispriced--although rapid changes in asset prices or risk premiums may increase the level of concern.

FORBES: Transcript

If an asset class has unique risk, it will exhibit variability in a rolling 3-year correlation analysis similar to Figure 2.

FORBES: Basics of Asset Allocation (Part 2 of 2)

Secondly there is the credit risk issue attached to the mushrooming of wealth-management products, an asset class of uncertain size and quality which banks created in order to attract deposits with higher rates of return.

WSJ: Philip Bowring: China Needs a 1997-Style Crisis