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Word: shiller (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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Economist Robert Shiller has a new book out. You'll be thrilled to learn that it doesn't contain any warnings about a looming market crash. Well, unless you count that bit about the "train of catastrophes" that might ensue if current efforts to stabilize the financial system fail. But that's not really a prediction...

Author: /time Magazine | Title: Crash Master | 9/4/2008 | See Source »

Considering the Yale professor's recent publishing history, this is quite a relief. In March 2000, as stock prices soared to record levels, Shiller released his first general-audience book. Titled Irrational Exuberance, a phrase borrowed from a 1996 Alan Greenspan speech, it made the case that stock-market investors tend to go mad every few years--and that they were at the time in the grips of perhaps their worst psychotic episode ever...

Author: /time Magazine | Title: Crash Master | 9/4/2008 | See Source »

That month, stock prices started to fall. The slide continued for 2 1/2 years. Then, for the second edition of Irrational Exuberance, published in February 2005, Shiller added a chapter on real estate. His argument: House prices had followed the stock market into a flight of fancy that was bound to end badly...

Author: /time Magazine | Title: Crash Master | 9/4/2008 | See Source »

...timing of that market call wasn't quite as spot-on as that of March 2000. But it was close. According to the S&P/Case-Shiller indexes devised by Shiller and Wellesley College's Karl Case, the rise in house prices slowed in the latter half of 2005, then headed south in summer...

Author: /time Magazine | Title: Crash Master | 9/4/2008 | See Source »

...know the rest of that story. House prices are still falling, and Shiller has attained a remarkable status in financial circles. He's the guy who called the past two busts, a hero to market bears everywhere, a fixture on CNBC and in the nation's financial pages...

Author: /time Magazine | Title: Crash Master | 9/4/2008 | See Source »

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