MORE FROM HUFFPOST
MORE FROM HUFFPOST
robert shiller
Talking to Frydman is a bit like entering a fascinating meditation on the limits of knowledge and the nature of truth. Having lived through the failure of centralized planning in communist Poland, he is particularly sensitive to the hubris of believing that the future can be exactly mapped.
WHAT'S HAPPENING
WHAT'S HAPPENING
Today, a tweet, a post, or a blog is enough to alert millions in seconds of a dreadful restaurant, an unsafe toy, or a polluting car company. We can share our market experiences in real time. This narrows the space for phishing.
Last May, I mused on the possibility of a tech bubble and projected that the NASDAQ would plateau for the remainder of 2015. Midway through these expectations, let's calibrate my crystal ball...
There's a reason they're called salesmen. And consequently, converting the non-believers has always been an occupational job hazard for salesmen.
At first blush, proponents of active management might find solace in Shiller's views. A closer analysis indicates such a view would be misplaced.
An American who won this year's Nobel Prize for economics believes sharp rises in equity and property prices could lead to a dangerous financial bubble and may end badly, he told a German magazine.
