Word: shiller
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Dates: during 2010-2019
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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...