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	Robert Shiller - Wikipedia, the free encyclopedia
		Robert Shiller is a well-known economist and Stanley B. Resor Professor of Economics at Yale University and holds a joint appointment with the Yale School of Management.
		Born in 1946, Shiller obtained his B.A. from the University of Michigan in 1967, and his Ph.D. from MIT in 1972.
		The increasing respect that Shiller has gained is an impressive victory for common sense against the forces of entrenched theoretical dogma.
	en.wikipedia.org /wiki/Robert_Shiller (508 words)

	Georgetown University 2003 Commencement \| Webcast - Robert Emmett McDonough School of Business (Site not responding. Last check: 2007-07-20)
		Professor Shiller is one of the early proponents of the idea that psychology and sociology help shape the economic decisions of human beings.
		Robert Shiller put his beliefs and reputation on the line with his 2000 book Irrational Exuberence, in which he argues that the American stock market was overvalued to an extent unparalleled in its history.
		Professor Shiller has also written extensively on the need for innovation in financial markets to allow all individuals to manage the risks that are most relevant to them.
	www.georgetown.edu /commencement/webcasts/hd_shiller.html (492 words)

	Business Breakfast - 16/06/2003: Author tells of need to democratise finance
		Professor Robert Shiller is professor of economics at Yale University.
		ROBERT SHILLER: Well, there are a number of plans in the United States today that are offered by local governments.
		ROBERT SHILLER: Well, one thing is, that insurance companies need to be able to hedge the risk that they acquire because these are correlated risks -- they can't be just diversified away completely.
	www.abc.net.au /businessbreakfast/content/2003/s880402.htm (1159 words)

	Lateline - 10/4/2000: Who wants to be a millionaire?. Australian Broadcasting Corp
		Robert Shiller also has a bestseller on his hands -- his book 'Irrational Exuberance' is all about how this stock market boom is heading for bust.
		ROBERT KIYOSAKI: I agree with Roger, you have to be educated.
		ROBERT KIYOSAKI: Well, What I say to people is that if you live to 75 years of age, if history is any guide, at 75 you'll have gone through two recessions and one depression.
	www.abc.net.au /lateline/archives/s117538.htm (3271 words)

	What Is the New Economics?
		Shiller knew in his bones that a major stock-market "correction" was imminent.
		But, says Shiller, if the new economy has growth potential, it's the soon-to-increase number of old fogies who will slow things down: Counterbalancing the new economy's potential is the aging of the baby-boom generation.
		Robert Shiller's sixth lesson is that there is a next big thing.
	www.fastcompany.com /online/50/shiller.html (2507 words)

	[FAFNet] Face-Off: Jeremy Siegel vs. Robert Shiller (Site not responding. Last check: 2007-07-20)
		For Shiller, who started the discussion with a 45-minute presentation, the history of the stock market is a story of boom-and-bust cycles brought on by waves of irrational investor emotion.
		Shiller added that events of the past couple of years are typical of the period following a burst bubble, as investors turn on those they believe caused the bubble, such as dishonest analysts, greedy executives, and pliable auditors.
		For Shiller, who started the discussion with a 45-minute presentation, the = history of the stock market is a story of boom-and-bust cycles brought on by = waves of irrational investor emotion.
	www.firstaffirmative.com /pipermail/fafnet_firstaffirmative.com/2002-November/001076.html (2111 words)

	Robert Shiller's "Irrational Exuberance", share prices, American economy and economic growth (Site not responding. Last check: 2007-07-20)
		Robert Shiller's Irrational Exuberance caused something of a controversy in popular economic circles, especially in the financial press.
		Examining the sustainability side Shiller noted that during this great leap in the Dow the nation's GDP rose by less than 30 per cent, of which about 50 per cent is accounted for by inflation.
		Shiller drew attention to the 1920s bull market which came to an end with the 1929 crash.
	www.brookesnews.com /043105Shiller.html (643 words)

	Global-Investor Bookshop : The New Financial Order by Robert J. Shiller (Site not responding. Last check: 2007-07-20)
		In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system.
		Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions - risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies.
		Robert J. Shiller is the Stanley B. Resor Professor of Economics at Yale University.
	books.global-investor.com /books/21903.htm?ginPtrCode=00000 (470 words)

	Catallarchy » Robert Shiller on Risk (Site not responding. Last check: 2007-07-20)
		Shiller has founded a fund to offer securities that can be used to protect against home equity risk.
		Shiller dropped an inaccurate quote describing Bush’s privazation plan, which he doesn’t like, it sounded like a memorized sound bite: “Basically, the president wants us to buy more stocks on margin” (because the money diverted from SS to private accounts is borrowed from the government at 3%, with your prospective SS benefits as collateral).
		Shiller points out that if you are only taking a share of income, w/o the right to force someone to work, then its not slavery at all.
	catallarchy.net /blog/archives/2005/03/17/robert-shiller-on-risk (2944 words)

	Brad DeLong's Semi-Daily Journal: Robert Shiller: U.S. Coastal Property Markets Are Overvalued
		Shiller’s reply seems well-rehearsed: interest rates are not so low in a historical context and in the US they are rising.
		Shiller is a bright guy but it is a bit tiring to hear him described as having "predicted the stock market crash".
		The worry, that Robert Shiller need to come to terms with, is that American investors have gained nowhere near the returns Vanugard index funds in particular have offered over the last 10 or 20 or 30 years.
	delong.typepad.com /sdj/2006/02/robert_shiller_.html (3837 words)

	Amazon.co.uk: Irrational Exuberance: Books (Site not responding. Last check: 2007-07-20)
		Shiller stands as one of the few people to come out of the experience of the recent bubble with his reputation enhanced.
		Robert J. Shiller has used this remark as the title of his book and the starting point for an examination of stock market and investor behaviour which is both accessible to the general reader and adds to the existing stock of serious work on the subject.
		Robert Shiller begins his look at irrational exuberance in financial markets by outlining the evidence, which he finds convincing, that the current level of stock markets (even allowing for the poor performance during the year 2000) is far above that which is reasonable or rational.
	www.amazon.co.uk /exec/obidos/ASIN/0691089159 (1594 words)

	Fool.com: Robert Shiller's Irrational Exuberance (Special) June 12, 2000
		While Shiller hedges his bets regarding what individuals should do, the clear implication of his book is that investors should look beyond stocks to diversify their savings, and perhaps withdraw from the market altogether.
		Therefore, Shiller's argument is that millions of individual investors may be investing in stocks because they have seen the success that others have had, and so their choice to do so is rational, but they're not actually performing any real analysis or adding to our collective knowledge of stocks and their pricing.
		Shiller has many other interesting points, though they are also not without flaws.
	www.fool.com /specials/2000/sp000612.htm (1192 words)

	Robert Shiller's home price hedge - The Mortgages Weblog
		Robert Shiller, the author of Irrational Exuberance has devised an investment that hedges the value of real estate in case of a market downturn.
		Shiller argues that homeowners should be able to hedge their home value risk through tradable securities based on home values.
		Remember, Shiller was the one who foresaw the stock market bubble in 2000 and he thinks his plan is a means of offsetting the fall the real estate market is about to face. This is an idea to keep an eye on.
	mortgages.weblogsinc.com /2005/03/14/robert-shillers-home-price-hedge (547 words)

	Amazon.com: Irrational Exuberance: Books: Robert J. Shiller (Site not responding. Last check: 2007-07-20)
		By history's yardstick, Shiller believes this market is grossly overvalued, and the factors that have conspired to create and amplify this event--the baby-boom effect, the public infatuation with the Internet, and media interest--will most certainly abate.
		Shiller correctly points out that the social security debate needs to be conducted, at a fundamental level, about what exactly we are promising ourselves.
		Professor Shiller is well known for his research into behavioral finance, including his many surveys seeking to uncover the thought processes of today's investors, both individual and institutional.
	www.amazon.com /exec/obidos/tg/detail/-/0767907183?v=glance (3241 words)

	Real Estate Talks :: View topic - Yale economist sees Vancouver "bubble"
		Robert Shiller does what he does best: Make up interesting stories and predictions that are open ended (I'm sure the Vancouver Market will correct someday!) to make bestsellers.
		Shiller says that "Vancouver is the most bubbly city in the world." He says that city has a history of volatile housing prices but he doesn't see the same level of bubbliness in the rest of the country's housing market.
		Knowing Shiller's macro thinking, he probably just looked at the size of the market, the growth of the local economy and the population and noted just as I did- that the pace of price appreciation has dramatically widened relative to the underlying fundamentals.
	www.realestatetalks.com /viewtopic.php?t=26146 (1477 words)

	Property - Encyclopedia.WorldSearch (Site not responding. Last check: 2007-07-20)
		Another member of the Hobbes/Harrington generation, Sir Robert Filmer, reached conclusions much like Hobbes', although chiefly through Biblical exegesis and without, it must be said, anything akin to the intellectual depth of a Hobbes or a Harrington.
		Filmer said that the institution of kingship is analogous to that of fatherhood, that subjects are but children, whether obedient or unruly, and that property rights are akin to the household goods that a father may dole out among his kids—his to take back and dispose of according to his pleasure.
		Sequels often disappoint when compared to their predecessors, but author Robert Shiller has proved the exception to the rule with his second edition of Irrational Exuberance.
	encyclopedia.worldsearch.com /property.htm (3228 words)

	[lbo-talk] Shiller on housing bubble (Site not responding. Last check: 2007-07-20)
		Wall Street Journal - June 2, 2005 People Are TalkingŠ By ROBERT J. The home price boom in the U.S. has had a peculiar form since it began in the late 1990s: Home price increases have been getting stronger and stronger each year, year after year.
		The upward momentum in home price growth rates has been so strong that it seems to be a slam dunk to forecast major home price increases again for the rest of this year.
		Shiller is a professor of Economics at Yale, a principal at Macro Securities Research, LLC., and the author of "Irrational Exuberance," (Princeton, 2005; 2nd edition).
	mailman.lbo-talk.org /pipermail/lbo-talk/Week-of-Mon-20050530/011430.html (1188 words)

	Shiller, R.: Irrational Exuberance (First Edition).
		In this bold and potentially urgent volume, Robert J. Shiller, a respected expert on market volatility, offers an unconventional interpretation of recent U.S. stock market highs and shows that Alan Greenspan's term "irrational exuberance" is a good description of the mood behind the market.
		In the most controversial portion of the book, Shiller cautions that a market that is overvalued by historical standards is inherently precarious.
		Shiller's analysis is convincingly documented, and--regardless of the market's future behavior--his book will stand as an important elaboration of why stocks soared and what our investment alternatives are.
	pup.princeton.edu /titles/6779.html (661 words)

	Democratizing personal finances - Personal Finance - MSNBC.com
		Still, Shiller is encountering a lot of skepticism as he flits about the globe promoting the provocative ideas of his latest book, “The New Financial Order,” which offers a six-part prescription for mitigating economic risks faced by nations and ordinary individuals.
		Shiller’s idea is to scrap fixed marginal tax rates, which he considers arbitrary, and replace them with a more flexible tax system he calls “inequality insurance.” Shiller gives only the basic outlines but says tax rates should fluctuate automatically in line with macroeconomic performance and government financing needs, among other factors.
		Shiller’s friend Jeremy Siegel, a professor of finance at the Wharton School, confirms that Shiller has no political axe to grind in warning against growing income inequality on both a national and global scale.
	www.msnbc.msn.com /id/3072566 (1096 words)

	A Conversation With Robert Shiller (The Pro Shop)\| SmartMoney.com
		Ominously, that very same month, Yale economist Robert Shiller published "Irrational Exuberance," which argued that the stock market was displaying the classic signs of a speculative bubble.
		Shiller also argues for home-equity insurance and an overhaul of Social Security, as well as for "marco markets" that would trade securities based on the gross domestic products of entire national economies.
		SmartMoney.com asked Shiller whether he thinks the stock market is still displaying signs of irrational behavior, whether he's worried about a housing bubble and how America can protect its workers from the onslaught of globalization.
	www.smartmoney.com /theproshop/index.cfm?story=20030423 (1907 words)

	frontline: dot con: beyond the bubble: email interview - robert shiller \| PBS
		One of the points the FRONTLINE documentary makes is that the myth of the Internet as a great "democratizing" force, "leveling the playing field" and all that, has been exposed, at least when it comes to financial markets.
		Shiller is the Stanley B. Resor Professor of Economics at Yale University and the author of Irrational Exuberance (2000), which received the Commonfund Prize, and Market Volatility (1989), recipient of the 1996 Paul A. Samuelson Award.
		Robert Fogel of the University of Chicago and Prof.
	www.pbs.org /wgbh/pages/frontline/shows/dotcon/bubble/shiller.html (1548 words)

	Irrational Exuberance--ROBERT J. SHILLER
		Thus it is an event of some significance that Shiller has written a crystal-clear and tough-minded critique of the factors that have driven US stock markets to their current levels and called his book...
		Shiller makes a strong case that markets are not efficient, but respond to crowd psychology.
		Shiller clearly explains the reasons why such high valuations have become so readily acceptable to the investing public and...
	business.marc8.com /book-info.php/name/irrational_exuberance/toc_id/3-0-9-13 (356 words)

	Amazon.com: The New Financial Order : Risk in the 21st Century: Books: Robert J. Shiller (Site not responding. Last check: 2007-07-20)
		Shiller is best known for arguing, as he did in Irrational Exuberance, that stock market movements do not reflect underlying economic reality and that the volatility of the market makes the financial system unstable.
		In this book, Shiller presents, in a concise and simple way, the direction in which risk management should go in the future if it is to serve its purpose.
		Shiller reviews the up-sides of multiple forms of insurance without a thought to the down-sides.
	www.amazon.com /exec/obidos/tg/detail/-/0691091722?v=glance (1989 words)

	Leigh Bureau - W. Colston Leigh, Inc. (Site not responding. Last check: 2007-07-20)
		Shiller breaks new ground in this second edition by laying out in even clearer and starker terms the market excesses that continue to destabilize the economy and disrupt our lives.
		Shiller amasses impressive evidence to support his argument that the recent housing market boom bears many similarities to the stock market bubble of the late 1990s, and may eventually be followed by declining home prices for years to come.
		Building on the original edition, Shiller draws out the psychological origins of volatility in financial markets, this time folding real estate into his analysis.
	www.leighbureau.com /speaker_documents.asp?view=book&id=183 (411 words)

	The Investor's Library: Stock Market Jeremiah (Site not responding. Last check: 2007-07-20)
		These years of market mania are the focus of Robert Shiller's Irrational Exuberance.
		Shiller identifies the many factors and feedback loops that have aligned themselves to create the biggest bull market in history.
		In this interview with Amazon.com, Shiller talks about the highly visible technology of the Internet, the book Dow 36,000, and his advice on where investors may consider putting their money.
	www.cyberhaven.com /investors/stockmarketjeremiah.html (1113 words)

	Amazon.ca: Irrational Exuberance: Books (Site not responding. Last check: 2007-07-20)
		Shiller correctly warned readers of the 2000 stock market collapse and now directs his warning to the recent housing market bubble that is likely to burst in much the same way.
		Shiller pursues his uncomplimentary examination of inexperienced investors authoritatively, all the way into their psyches and lapses of reasoning.
		It's unimaginable for persons to actually oppose Shiller's precognition, not because bears the world over were vindicated by equities' bleak performance, but because stocks' P/E ratios are calculated for precisely the reason Shiller alerted: to regulate stocks' unwarranted racketeering.
	www.amazon.ca /exec/obidos/ASIN/0767907183 (1859 words)

	Q&A: Robert Shiller on Booms and Bubbles - Newsweek Business - MSNBC.com
		Noted as a rare voice who predicted the stock market crash in 2000, the Yale economist has become a sort of bubble guru and was part of panel discussing bubbles at the World Economic Forum meeting in Davos on Thursday.
		Under SEC rules, Shiller may not discuss his yet-to-be-published predictions about real-estate bubbles while the review of his corporate application is pending.
		Robert Shiller: I’m not objective any more because I will have a financial interest [when the new company is launched].
	www.msnbc.msn.com /id/6877691/site/newsweek (845 words)

	Random House \| Books \| Irrational Exuberance by Robert Shiller
		In this controversial, hard-hitting account of today’s explosive market, Robert J. Shiller, a leading expert on market volatility, evokes Alan Greenspan’s infamous 1996 reference, “irrational exuberance,” to explain the alternately soaring and declining stock market.
		Shiller’s unconventional yet persuasive argument credits an unprecedented confluence of events with driving stocks to uncharted heights, and he analyzes the structural, cultural, and psychological factors behind these levels of growth not reflected in any other sector of the economy.
		Shiller is not merely a bear—he is a grizzly.”
	www.randomhouse.com /catalog/display.pperl?isbn=9780375417122 (269 words)

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