Monday, 28 January 2008

A post bubble world

"We are living in a post-bubble world, following the stock market bubble of the 1990s and the real estate bubble of the 2000s. That is the backdrop for the current crisis. We need to restore confidence in the markets’ basic ability to function, not in their presumed tendency to make us all rich by always going up. "

Robert Shiller, professor of economics and finance at Yale

No comments: