While some prominent strategists, including Jeremy Grantham and Robert Shiller, have pointed to the 10-year cyclically-adjusted price/earnings ratio (“CAPE”) as evidence that stocks (in particular the S&P 500) are very overvalued, Wharton Professor Jeremy Siegel says there’s a flaw in the metric. The flaw, Siegel said at a TD Ameritrade Institutional conference, involves the 2008 year, [...]
Read more
Tag Archives: Robert Shiller
Shiller Sees Signs of Hope
January 24, 2012
0 Comments
Yale Economist Robert Shiller says a number of factors are keeping unemployment high, which, in turn, is keeping the economic recovery tepid. But, he seems optimistic about the U.S.’s longer-term prospects. “The question is: What have we lost?” Shiller asks in an interview with IndexUniverse. “We’ve lost some kind of mass-production industrial capability. But I’m [...]
Read moreShiller on “The Neuroeconomic Revolution”
November 21, 2011
0 Comments
The field of neuroeconomics has gained a lot of traction in recent years. But Yale Economist Robert Shiller says a “neuroeconomics revolution” has only just begun. In an article for Project Syndicate, Shiller says this revolution has “passed some key milestones quite recently”, in particular the publication of Paul Glimcher’s Foundations of Neuroeconomic Analysis. “Much of [...]
Read moreShiller Talks Housing, Bubbles
September 23, 2011
0 Comments
Yale Economist and housing guru Robert Shiller says the government still isn’t doing enough to help the housing market. Shiller, who called the bursting of both the tech stock and housing bubbles, tells Fox Business Network that he’s worried we could see more downside for housing prices. He also says that he has a “gut feeling” [...]
Read moreShiller On How To Provide Stimulus Without Higher Deficits
September 7, 2011
1 Comment
The need for stimulus and the reluctance to increase the national deficit — it’s these two concepts that many feel are leaving the U.S. in an untenable position. But Yale Economist Robert Shiller says there is a way to provide stimulus without increasing the national deficit. “A critical fallacy … has crept into our thinking: [...]
Read moreStocks Pricey and Risky — But Shouldn’t Be Avoided, Shiller Says
August 30, 2011
0 Comments
Yale Economist Robert Shiller says he thinks stocks “look highly priced, but not super highly priced”. In an interview with Consuelo Mack on WealthTrack, Shiller says the market’s 10-year price/earnings ratio (which averages earnings over the past ten years) has historically averaged about 15; lately, it’s been around 20. But Shiller says it’s “not too [...]
Read moreSiegel and Shiller Debate the Debt Conundrum
July 28, 2011
0 Comments
How should the U.S. go about cleaning up its debt mess? In a recent interview with MarketWatch, two of the world’s top economic minds — Professor Jeremy Siegel of Wharton and Professor Robert Shiller of Yale — offered their takes. Siegel says Medicare is the big issue the government needs to address, and he doesn’t [...]
Read moreThe Problems with Debt-to-GDP Ratios
July 22, 2011
0 Comments
U.S. debt is climbing toward 100% of GDP — a figure that many are seeing as magic number that portends doom. But Yale Economist Robert Shiller says that logic is flawed — very flawed. “Could it be that people think that a country becomes insolvent when its debt exceeds 100% of GDP?” Shiller writes for [...]
Read moreShiller Growing Worried About Another Recession
June 20, 2011
0 Comments
Yale Economist and housing guru Robert Shiller says the economy is at a “tipping point” right now, and thinks there’s a “substantial probability” that we’ll see another recession in the next year. “I think the standard forecasting models would say no,” he tells The Wall Street Journal. “But we’re seeing a decline in confidence, we’re [...]
Read moreCase, Shiller Discuss Housing Market Concerns
April 28, 2011
0 Comments
Karl Case says that “in a sense” the housing market has already had a double-dip downturn. Case and Robert Shiller, the co-creators of the S&P/Case-Shiller Home Price Indices, tell Bloomberg why the housing market continues to struggle, and what is needed for it to come back.
Read more
