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Robert Shiller Questions the Strength of the Recovery

March 19, 2013 | About:
Robert Shiller is a professor at Yale University and co-creator of the S&P/Case-Shiller home-price index. He was on Bloomberg to talk about the U.S. housing market and the nation’s economy.

Shiller's current observations:

- There has been no clear turning point in the economy as far as he can see.

- Shiller still sees that we are in a general 13-year economic downtrend.

- He thinks that the stock market could be running well ahead of itself.

- Shiller has his own inflation-adjusted P/E ratio for the stock market which suggest it is overvalued.

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