Wednesday, April 15, 2009

Shiller on the Financial Crisis

Short interview of economist Robert Shiller from The McKinsey Quarterly.
I don’t want to say that I don’t think there will be a turnaround soon, but I think that many of us are too much expecting that it might come tomorrow or the day after. And this volatility is evidence of that. So I think it is quite possible that the stock market and the housing market, five years from now, will be close to where they are now.

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