Over the years, the technology of trade has changed in response to advances in the ability to communicate. From its origins on the streets of Chicago, the Board of Trade moved to a building housing 'trading pits' for the open-outcry exchange by brokers representing buyers and sellers.

Many of our hot housing markets are transitioning from a sellers' market to a buyers' market.

I became a member of the faculty at Northwestern University in 1965 but did not complete my thesis until two years later at a graduate ceremony at which Carnegie Institute of Technology became Carnegie-Mellon University. At Northwestern, I was mentored by the 'three Bobs:' Robert Eisner, Robert Strotz and Robert Clower.

There are more fools among buyers than among sellers.

In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables.

Find the human in the technology. The currency marketers trade in has not changed even if the methods have. Emotion is what we exchange.