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Robert Shiller: Upcoming Fiscal Cliff Could Hurt Confidence

September 02, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Well-known economist, Yale Professor and co-creator of the Case-Shiller housing price index Robert Shiller was on Fox Business to discuss his views on the housing market and house price trends. He also discussed his views on the upcoming fiscal cliff.

-- On the Fiscal Cliff: Doesn't know how that will play out but the inability of Congress to reach a consensus on will surely hurt confidence.

-- It surely hurt confidence when Congress wasn't able to reach a consensus on raising the U.S. debt limit up until the last minute.

-- U.S. home prices were up 2.3% in June. This is different than in 2010 as they were boosted by new home buyer credit. This time it is without any help from government, so this is a good news.

-- But it is too early to call a bottom for home prices as there are still some clouds on the horizon.

-- Shiller is still worried about declining consumer confidence and high unemployment rates.

Here is the video:

http://video.foxbusiness.com/v/1810749077001/

Watch the latest video atvideo.foxbusiness.com

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 2.9/5 (12 votes)

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