Tag Archives: Robert Shiller

Protecting Workers Without Tariffs | Robert Shiller

Published on Sep 24, 2018 Why do so many Americans support the US-initiated trade war that Donald Trump is pursuing? The most likely reason stems from the job insecurity that free trade often creates, which is why governments must find … Continue reading

Posted in Economics, Trade War | Tagged , | 1 Comment

The Ambiguity of Stock Value: Why It’s So Difficult to Call The Top

This is one of our favorite posts of all-time. Thought it apropos to re-post given that everyone and their mother is trying to call the top in stocks.  It’s all about yield-seeking capital flows, my friends.   Tell us what interest … Continue reading

Posted in Bonds, Equity, Uncategorized | Tagged , | 9 Comments

Fine-tuning Shiller’s Cape – FT

Nobel laureate Robert Shiller is famous for the cyclically adjusted price earnings ratio (Cape), which he used to predict the dotcom bubble. Alain Bokobza, of Société Générale, argues to the FT’s John Authers that it now needs adjustment for tax … Continue reading

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Word of the Day: Psycho-Economic

Mr [Robert] Shiller describes a bubble as “a psycho-economic phenomenon. It’s like a mental illness. It is marked by excessive enthusiasm, participation of the news media and feelings of regret among people who weren’t in the bubble.” They are often … Continue reading

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The Ambiguity of Stock Value

We’ve wanted to re-post this piece from December 2010 in honor of his Nobel Prize in Economics.   It is especially relevant, we think,  given this year’s run-up in stocks has been almost all P/E. expansion and the good professor’s recent … Continue reading

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Weekend Lecture: A Symposium with 2013 American Nobel Laureates

Go to 40:05 for the economics discussion with Fama, Shiller, and Hansen. LIVE Broadcast from Embassy of Sweden in Washington – Nine Americans were awarded Nobel Prizes this year. All 2013 U.S. Laureates share stories about their discoveries at the … Continue reading

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Mr. Irrational Exuberence on U.S. Housing

Remember,  it was Yale prof. Robert Shiller who was the original source of the term “irrational exuberance” and not, as everyone thinks,  Mr. Greenspan (see here).    His opinions are worth a listen as he nailed the top in both the stock … Continue reading

Posted in Housing | Tagged , , | 1 Comment

Real Chance of Japan-like Housing Slump – Robert Shiller

Robert Shiller, who coined the term “irrational exuberance,” is one of our favorite economists.   He really nails it here on the structural shifts taking place in housing.   We agree there is a generational change going on in the sector where … Continue reading

Posted in Black Swan Watch, Housing, Uncategorized | Tagged , , , | 3 Comments