by Peter Cooper
Arabian Money
In
the first edition of his landmark book ‘Irrational Exuberance,’
published in 2000, the Yale professor of economics and 2013 Nobel
Laureate Robert Shiller presciently warned that stocks looked especially
expensive. In the second edition, published in 2005 shortly before the
real estate bubble crashed, he added a chapter about real estate
valuations.
And in the new edition, due out later this month, Shiller adds a fresh chapter called ‘The Bond Market in Historical Perspective,’ in which he worries that bond prices might be irrationally high. Is this the next bubble to burst in global financial markets? Bond king Bill Gross lost his job for calling this too early but that does not mean it is not going to happen. Watch out pensioners and governments!
Continue Reading at ArabianMoney.net…
Please share this article
Arabian Money
In
the first edition of his landmark book ‘Irrational Exuberance,’
published in 2000, the Yale professor of economics and 2013 Nobel
Laureate Robert Shiller presciently warned that stocks looked especially
expensive. In the second edition, published in 2005 shortly before the
real estate bubble crashed, he added a chapter about real estate
valuations.And in the new edition, due out later this month, Shiller adds a fresh chapter called ‘The Bond Market in Historical Perspective,’ in which he worries that bond prices might be irrationally high. Is this the next bubble to burst in global financial markets? Bond king Bill Gross lost his job for calling this too early but that does not mean it is not going to happen. Watch out pensioners and governments!
Continue Reading at ArabianMoney.net…
No comments:
Post a Comment