Sunday, August 21, 2005

"Be Warned: Mr. Bubble's Worried Again"

Today's NY Times has a big article about Robert Shiller called "Be Warned: Mr. Bubble's Worried Again".

Here is an excerpt.

["Shiller is predicting the mountain goes into the sea," Robert I. Toll, the chief executive of Toll Brothers, a home builder, said in a recent interview, without having been asked about the economist. "He's selling himself."

To Mr. Shiller, though, it is a question of history, not salesmanship. Most people have never looked at decades and decades of home prices, because such data have been almost impossible to find. Stock-market charts often go back almost a century. Housing charts typically start sometime in the distant decade of the 1970's.]



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