About this series:
Investors do as they do for lots of reasons. To make money, of course, but investing is challenging, rewarding frustrating and fun. Of the millions of hours of finance-focussed broadcasting out there, not one holds up a mirror to life as an investor. Welcome, then, to iBall.
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About this episode
Nov 28, 2008
06:41
Learning
Two days before Alan Greenspan, then chairman of the US Federal Reserve, coined the phrase 'irrational exuberance' in 1996, Professor Robert Shiller...
Two days before Alan Greenspan, then chairman of the US Federal Reserve, coined the phrase 'irrational exuberance' in 1996, Professor Robert Shiller warned him that market levels were irrational.The 1990s were exuberant, much like the 1920s roared, and just like the 1920s, it couldn't last. In his books, 'Irrational Exuberance' and 'The Subprime Solution' he predicted a decade of negative stockmarket returns, a property crash, and bailouts. Here, Interactive Investor editor Richard Beddard taps into his wisdom.
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