Marketplace host David Brancaccio asks Yale economist Robert J. Shiller about the swings in the stock market since April 2000. Shiller asserts that despite several months of volatility, investors remain unjustifiably overconfident because of the long bull market. Shiller argues that as a result, they aren't ready for a dramatic market collapse and to think otherwise ignores the lessons of history. Shiller explains that the New Economy isn't so new, as history is filled with periods of increased productivity that do not lead to increased corporate profits. In fact, Shiller thinks that the long term outlook for the current market is less positive than in 1929.Listen to Robert J. Shiller's Irrational Exhuberance, a Random House Audible audio exclusive!More
We've sent an email with your order details. Order ID #:
To access this title, visit your library in the app or on the desktop website.
Pretty good interview
Yes, but mostly because it was fairly brief. The interview provides a good take on some of the mistaken assumptions that the market would continue to climb indefinitely and shared some of the insights from Mr. Shiller.
In the event that a friend was insisting that the correction of the market could not have been foreseen... this interview can show that it was not as unlikely or improbable as perhaps some believed.
It is an interview... pretty straight forward. I would not consider it a 'performance'..
Someone that believes that the world has changed and the historical pattern of bubble bursting no longer applies... or those that believe that the market will always go up to the sky.
Pretty good interview... honestly most investors are not aware of the flaws of the bubble, and I do not know that the interview will tell us much more than we now know... however, it might be a good lesson for us to keep in mind the next time a bubble seems unbreakable...:)