Lsbcal
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I've been reading Shiller's latest book Narrative Economics https://smile.amazon.com/Narrative-Economics-Stories-Economic-Events-ebook/dp/B07RRDVTHY/ref=sr_1_1?crid=2MVUXH7UUNQK8&keywords=narrative+economics&qid=1571631730&sprefix=narrative%2Caps%2C245&sr=8-1
It discusses how popular narratives can help drive an economic outcome.
In an interview he gives a reason why we may not see a downturn in the economy (stock market) any time soon. I found it an interesting interview but there are caveats and it's never a sure thing.
Link: https://www.cnbc.com/2019/10/20/shiller-recession-likely-years-away-due-to-bullish-trump-effect.html
It discusses how popular narratives can help drive an economic outcome.
In an interview he gives a reason why we may not see a downturn in the economy (stock market) any time soon. I found it an interesting interview but there are caveats and it's never a sure thing.
Shiller, a behavioral finance expert who’s out with the new book
“Narrative Economics,” believes
Americans are still opening their wallets wide based on what President
Trump exemplifies: Consumption.
“I think that [strong spending] has to do with the inspiration for many
people provided by our motivational speaker president who models
luxurious living,” said Shiller.
Shiller emphasizes there’s still uncertainty and risk surrounding Wall
Street.
Link: https://www.cnbc.com/2019/10/20/shiller-recession-likely-years-away-due-to-bullish-trump-effect.html