My book "Macroeconomics Redefined" http://www.amazon.com/dp/B00ZX9O5XQ deals entirely with this. It argues that it is no accident that the Great Depression and the Great Recession both followed huge asset market crashes.
My book "Macroeconomics Redefined" http://www.amazon.com/dp/B00ZX9O5XQ deals entirely with this. It argues that it is no accident that the Great Depression and the Great Recession both followed huge asset market crashes.