I have seen numerous interviews with Shiller, he is not Mr. Worst case scenario, he’s more centered than Roubini (who I also love to watch). About a month ago there was some jumps in certain numbers and Shiller said he was more bearish than the market was but he has to respect the market. The guy is a sociologist in an economist’s clothing. He is usually dead on, he the called the tech bubble and is a professor at Yale, go ahead and listen to you neighbor while ignoring one of the top economists from one of the top universities in the greatest economy in the world, surely that brings no credibility. After watching a few of his interviews I wish Yale was closer because I would crash his classes and he’s the first guy to come along that makes me regret that my education wasn’t Ivy League. Not because he says what I want to hear but because his are arguments are so cogent that no matter what I thought before listening to him, afterwards I have to re-evaluate my position. I dare you to pick one of Shiller’s arguments and tell me why he is wrong.
