An Interview with Robert J. Shiller Part 1

[Sepero1]

0:55

"The ultimate cause [of the crisis] lies in peoples minds"

5:20

"We are in a huge financial crises" (In reference to the purpose of his book.)

Does this make sense to anyone? We are in a Huge Financial crisis.. because of the power of thought?

People take this guy seriously, WHAT THE FUCK?

Doesn't anyone know what "Fundamental Analysis" is???

[scottvska]

@Sepero1 No, it doesn't make sense. In another interview he says the Great Depression was psychologically determined.

[AristophanesNow]

Shiller has to be embarrassed by what he wrote in The Subprime Solution. He tries to argue that more financial innovation will provide more stability, as if we don't have enough fake shit masquerading as real assets. These professors become lackeys for Wall Street. I respected Shiller, but he now sounds like an intellectual whore.

[MustLovePoop]

I think the reason he's smiling during that analogy is he can't beleive the crap that's coming out of his mouth.

[Tvidstein]

@MustLovePoop Der Grund warum du dies nicht verstehst ist, ganz einfach. du hast sehr begrenzte intellektuelle Fähigkeiten !

[denbosz88]

peoples minds my ass. Indeed a shill. The fed caused this by printing too much money and the government by spending too much. And the public by letting them get away with it.

[remembranceTX]

And on top of it he compares them to the germans who lost a war. Shiller WHO is paying you to say this crap? the banks? Cause they ultimately will be the losers if these people walk. These families might loose their house but they will also loose that 300 or 400K mortgage and payments which are sucking them dry

[remembranceTX]

We watch them screw our countrymen out of their money with illusions of wealth, and now when they are loosing the money they lent them, and YOU WANT US to bail them (the bankers and mortgage lenders) out.

[vikramkrishnan]

because if you don't capital flow will stop and then companies will shut down and all of us will be jobless. that is what made th depression of 1929 'Great'.

[remembranceTX]

I like this man's index but he is wacked with what he is saying. Take about being PISSED OFF. As a taxpayer I have to bail out the banks because they lied and cheated people by stuffing money into their hands. And they took it so as to make a buck. You are right Mr. Shiller. We are MAD as hell and getting resentful.

[cpswyl]

Agreed. I had to refrain from jumping on the bandwagon when I saw housing prices rocketing up 25%++ a year, in case i over extended myself financially. Why should I be penalised for exercising fiscal restraint? It would merely be teaching me the system is rigged in favour of financial irresponsibility - jump in lest your savings shrivel whilst assets inflate at ever increasing rates

[coolworx]

(and the unscrupulous Banksters and Walls Streeters that encourged this ponzi scheme) just spreads out the pain to the rest of us that DIDN'T participate in this bubble.

Talk about your unjust punishment!

[coolworx]

I'm sorry, but his whole analogy of Germans after WW1 and idiots that thought their home equity was an ATM is total bunk.

Not to mention, the "solution" in bailing out these spendthifts (not to mention the unscrupulous Banksters and Walls Streeters that

[vikramkrishnan]

i think he is using taleb's argument that this crisis and WW1 were black swans...