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: