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DEEP THOUGHTS FROM ROBERT SHILLER

Robert Shiller was on CNBC this morning discussing an array of topics.  Among the things he discusses:

  • His new book on financial capitalism in which he actually defends much of the financial engineering that has occurred in recent decades.
  • He defends the financial industry in general and says that the negativity surrounding finance is overdone.
  • On housing he says that it’s too early to call a bottom in the housing market.  He says “it could be a turning point”, but is very clear to point out that he is not calling a bottom….

See the full interview here:

Source: CNBC

 

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