In an interview with contributor David Wessel, Yale economist Robert Shiller describes his thoughts on what actually drives markets—and recalls his encounter with Alan Greenspan just before the Fed chairman’s “irrational exuberance” speech.

Category: Psychology, Valuation, Video

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2 Responses to “Shiller: On Bubbles & Busts”

  1. DHM says:

    It’s hard not to be impressed with Robert Shiller. It’s partly because he been astutely right about recent economic bubbles; but also his low-keyed, dispassionate, self-effacing style is admirable.

    As much I’ve wanted to believe in the recent recovery in housing prices, I’ve noted Shiller’s reticence to state that we are out-of-the-woods.

  2. willid3 says:

    new flash???

    people aren’t rational …..always?
    who woulda known??