shiller

Some economists, notably Robert Shiller, did identify the bubble and warn of painful consequences if it were to burst.

ROBERT SHILLER: I predicted it was likely to correct down and might cause a huge financial crash and a worldwide recession.

Robert Shiller, of Case-Shiller index and irrational exuberance fame, reckons a further 25% decline is not out of the question.

Robert Shiller of Yale University recently singled out farmland as "my favourite dark-horse bubble candidate for the next decade or so" .

As someone who is not a professional economist I do not know whether Professor Shiller's views are typical of his field.

"When we go through a crisis like this, it's a time for us to improve everything, " Shiller said.

We need a bit less 'Economics 101' thinking in public policy and much more 'Psychology 101, ' and Bob Shiller shows us how in this book.

It was the highest valuation since at least the 1880s, according to the economist Robert Shiller.

Mr. Shiller's measure suggests stocks are a bit pricey, and another signal agrees.

Robert Shiller of Yale University was most vociferous in calling for a more aggressive stimulus.

Prices measured using the Case-Shiller national index have fallen enough to make houses there look underpriced.

Akerlof and Shiller invoke "fairness" and "money illusion" to explain the puzzling behavior of employment and wages in a depression.

That ratio compares with one of 20. 1 in the United States, as calculated by Robert Shiller of Yale University.

Among a few others, Robert Shiller was one of the earliest ones to study in detail and warn about a housing bubble.

As Shiller told me, "Nouriel has a different way of seeing things than most economists: he gets into everything. "

And "Irrational Exuberance's" Robert Shiller warns of a third meltdown coming.

Thanks to two brilliant economists, Chip Case and Robert Shiller, we have reliable measures of house price changes at the zip code level.

ROBERT SHILLER (Yale University): They represent people as doing immense calculations with immense databases.

Together, these factors could drag on prices through much of 2010, pushing the Case-Shiller index to a total decline of 40%, she estimates.

Robert Shiller, a seasoned bubble-hunter at Yale University, has stressed the role of news reporting in influencing price expectations.

The S&PCase-Shiller index of twenty major markets showed that home prices fell almost two and a half percent in January.

That's a reading that suggests 'average returns for the next 10 years, ' Mr. Shiller says.

Shiller believes America is in the grip of an irrational mania.

Professor Robert Shiller: Okay, that's the last time you'll hear about cows in this course.

True, the crisis has provided yet another feather in the cap of the behavioural economist Robert Shiller.

Shiller argued that human emotion, not strategic economic factors, drives prices and property buying.

'The government data might be a warning, ' says Mr. Shiller.

December was the 29th consecutive month that the index declined.

Notably, Robert Shiller of Yale gave an early warning that America's housing market was dangerously overvalued.

And judging by the price of futures contracts based on the Case-Shiller composite index, investors expect house prices to fall further.

Real home prices increased 1. 1 percent a year after inflation, according to Mr. Shiller's research.

Robert J. Shiller is professor of economics and finance at Yale and co-founder and chief economist of MacroMarkets LLC.

But neither this mockery nor more polite critiques from economists like Robert Shiller of Yale had much effect.

Mr. Shiller has compiled market data back to 1881, measuring stock prices month by month relative to corporate profits.

Robert Shiller: Housing is, for most people, the biggest part of their wealth.

Housing economist Robert Shiller of Yale University found that the house price went down about 30% during economic depression.

Understandably, gloom-mongers focus on the plunging Case-Shiller index.

In the second quarter, the Case-Shiller index tracking home prices scored its first quarterly rise in three years.

Shiller : I was going to list some of the things in the Dodd - Frank bill , which Charlie thinks is the worst .

Both Case-Shiller and Ofheo measure transactions on the same single-family homes over time.

The Case-Shiller index of U. S. national house prices fell again in the first quarter, S&P reported Tuesday.

Robert Shiller believes it's emotional excitement that drives them.

I looked at Case-Shiller's index back to 1987 and compared it to federal data on average earnings.

Clients, he says, started using Mr. Shiller's data to contest his bullish thesis.

Mr. Shiller takes an average of corporate profits over the previous 10 years.

Case-Shiller numbers are a three-month moving average, and so August prices reflect sales that closed in June, July, and August.

Home prices are back to their levels of summer 2003, the closely watched Case-Shiller index revealed last month.

but for Robert Shiller, this ignores something obvious.

This chart, via the Pragmatic Capitalist, overlays the 10 city Case-Shiller index with Japanese condo prices, when they had their boom.

The most recent entry to the top 20 is Robert Shiller's 1981 paper documenting the excessive volatility of stock prices.

He proposes to change Prof. Shiller's numbers in three ways, however, to remove what he thinks are distortions.

San Francisco prices fell 11% in the last three months alone, according to Case-Shiller.

Shiller, R. Irrational Exuberance. Princeton U. Press, 2000.

"People think it's a law of nature, " said Mr. Shiller, who teaches at Yale.

The innovation of Mr. Shiller's system is that it is designed to avoid distortions from short-term profit swings.

"Lower home prices don't help jobs, because they constrain consumer spending, " notes Yale economist and housing expert Robert Shiller.

Another market analyst who was correctly bearish in 2000 backs up Mr. Shiller's views.

The Case-Shiller index posted a month-on-month increase in April for the first time since July 2010.

In May, 13 of the 20 metropolitan areas tracked showed monthly increases in home prices.

The Case-Shiller house price index for the US peaked in the second quarter of 2006.

Home prices fell in September, according to the Case-Shiller numbers out this morning.

On that basis, Mr. Shiller's method shows the S& P 500 trading at 23 times profits, well above the historical average of 16.

Prof. Shiller says he hadn't paid attention to Mr. Bianco's work until recently, when The Journal inquired.

Over two nights, Mr. Shiller netted $87. 50.

The housing market is in freefall, and Case-Shiller's 20 City Composite Home Price Index recently posted a record decline.

ROBERT SHILLER: What's going on is that, as the bubble grows, more and more people are coming in.

Even the Case-Shiller 20-city home-price index for February, also due on Tuesday, might rise to -18. 7 from a record -19 in January.

ROBERT SHILLER: It did seem to me that

On Shiller's Inheritance from and Transcendence over Kante's View of Sublimity