Nobel prize winning author Robert Shiller, who accurately predicted previous market crisis, is delivering another clear and logical economic warning and he is not alone. Bill Gross says its time to wake up, the good times are over. It was a great party, but we’ve got to clean up now.
Robert Shiller, for his part, is saying the bond market is very expensive. While not liking the “bubble” word – and failing to emphasize the withdrawal of stimulus that has been keeping bonds prices so high – Robert Shiller nonetheless warns investors that a trend could be ending. While high bond prices alone “doesn’t clearly fit my definition of ‘bubble,’” Shiller said in a December Money interview that a...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
