Robert J. Shiller Quotes

"Transferring the risk of drought to international financiers makes sense for insurance companies, because it enables them to expand their portfolios."
-Robert J. Shiller

"I would say a bubble is happening."
-Robert J. Shiller

"The theme is absolutely important. We don't realize how much of our lives are absolutely random."
-Robert J. Shiller

"It's very hard to forecast turning points, ... glamour cities."
-Robert J. Shiller

"[Meanwhile, the financial froth of speculative bubbles--and their dangers--are another enduring legacy of the Greenspan era.] Irrational exuberance really is still with us, ... risk that in 2010 or even 2015, the stock market will be lower still in real, inflation-corrected terms, than it was in 2005."
-Robert J. Shiller

"This is a conference which brings people together to examine the problems of the world. I think there are a lot of problems in the world and it really is good that leaders come together and think about them."
-Robert J. Shiller

"We are in the biggest real-estate boom we've ever seen. Something is going to happen to end this."
-Robert J. Shiller

"The thing to do is increase the budget of the National Science Foundation."
-Robert J. Shiller

"Little will be done to stop these things if public figures consider themselves beholden to some overarching efficient markets principle and do not even recognize over-speculation as a real phenomenon."
-Robert J. Shiller