Skip to main content

Tagged With "Economics"

Reply

Re: Economics Warning! Like I Said.

Stanky ·
A Nobel prize winning economist also thinks stocks are overvalued ( And housing too!). No, it's not the economist who wanted Obama to pick a fight with extraterrestrials. Long-term economic growth remains slow, despite a rebound in both equities and housing. This is a clear sign that the market is overheated, warns Robert Shiller, Nobel Prize-winning economist and co-author of the book Phishing for Phools . "The correction in August brought the market down ten percent," Shiller says. "But...
Reply

Re: Economics Warning! Like I Said.

direstraits ·
Being older, I've slowly divested both my private account and small 401 (k) of stocks for more conservative investments. Next, week I'll check on my accounts, and probably use words inappropriate for mixed company. Then, in January, move another percent or so out of the market. Housing, for 150 years, has been a depreciating asset -- worth less than one paid it. As a store of value, it was a decent investment -- we all have to live somewhere -- long term, buying pays off vs. renting.
Topic

Economics Warning! Like I Said.

direstraits ·
“Danger ahead—that's the warning from Carl Icahn in a video coming Tuesday. The activist says low rates caused bubbles in art, real estate and high-yield bonds—with potentially dramatic consequences. "It's like giving somebody medicine and this medicine is being given and given and given and we don't know what's going to happen - you don't know how bad it's going to be. We do know when we did it a few years ago it caused a catastrophe, it caused '08. Where do you draw the line?" In a...
Post

Untitled Document
×
×
×
×