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The weakening housing market is similar to the last market high, just before the subprime housing bubble burst a decade ago, says famed housing-watcher Robert Shiller. The economist, who predicted the 2007-2008 crisis, told Yahoo Finance that current data shows “a sign of weakness.” Housing pivots take more time than those in the stock market, […]
Stocks look dangerously close to a bear market, but that doesn’t mean it’s time to sell everything, according to the Nobel-winning author Robert Shiller. In a post on Project Syndicate Thursday, Shiller said the cyclically adjusted price-to-earnings ratio he helped develop was useful in predicting returns over the next decade. The gauge values stocks based […]
Wendy Carlson/Getty Images Robert Shiller, the Nobel-winning author who predicted the two biggest speculative markets in recent history, is repeating that bitcoin is in a bubble. The cryptocurrency is “the best example right now,” Shiller told Quartz’s John Detrixhe in an interview published Tuesday. In January 2014 at the World Economic Forum in Davos, Switzerland, he called […]
