Word: shiller
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...only does high unemployment severely hurt our country’s future, but it also hinders our ability to recover from the current crisis due to its effect on the national psyche. As renowned behavioral economist Robert Shiller clearly articulated in a recent New York Times article, for a country to truly recover from an economic crisis, workers must be personally invested in the country’s economy, confident enough to take out loans, and willing to take risks to fuel growth. Right now, the entire country is frozen in economic fear, paralyzed by the shattering depth...
There have already been mixed signs of stabilization in price and demand. Home prices rose month over month for six consecutive months through October, according to Standard & Poor's Case-Shiller Home Price Composite 10 Index, although prices are still down year over year. However, the most recent figures from NAR indicate that pending sales of existing homes fell 16% in November. Such mixed signals, analysts say, will be the housing market's message for some months to come...
...that's happened only at a few off-the-beaten-track colleges. But mainstream economists, who had long dismissed market cycles as nonsense, have begun to come around at least a little. Yale's Robert Shiller describes market booms and busts as the product of fashion and animal spirits. A trio of academics revisited a famous 1934 paper that debunked the predictions of Dow theorist Hamilton and found that, adjusted for risk, Hamilton's predictions beat the market. MIT's Andrew Lo, a top finance scholar, has made technical analysis one of his main research topics. So maybe there...
...Campbell avoids stocks—not his expertise, he says—and focuses on less risky assets. His conservative strategy dates back to the mid-90s, when he says he and his Yale adviser Robert J. Shiller predicted that the booming market would cool...
...rally came after certain housing data, such as housing starts, home sales and the Case-Shiller home price index, started to show signs of month-over-month improvement for the first time since 2006 and homebuilders reported fewer cancellations and write-downs. Also, the federal tax credit for first-time buyers contributed to the improved demand for builders that make entry-level homes...