Entries tagged "Robert Schiller"
Robert Shiller, the man who predicted both the dot-com crash and the more recent real estate bubble, penned an interesting editorial in Sunday's New York Times, where he examined why so many so-called experts managed to miss the signs of a housing bubble. The reason is that outside-the-box thinkers like professor Shiller face a lonely and pressure-filled existence where their theories are at best not taken seriously and at worst viciously attacked by naysayers who drank the Kool-Aid. This, in short, leads them to clam up and keep their feelings to themselves....
