Behind the corporate credit bubble that’s Thursday night’s Ratigan Report.
Yale University Stanley B. Resor Professor of Economics, Robert Shiller joins the guys for this conversation.
Stock investors best remember Shiller for correctly calling the top of the market in 2000. He is also a co-founder of MacroMarkets LLC, an alternative investment firm.
Can you put the talk of a bubble in context for us?
The stock market is very hard to predict, but I am a little worried about it,” Shiller says. “It’s gotten a little pricey. The speculative enthusiasm has been building and that’s part of the reason for the credit bubble. We’ve had a housing boom that’s losing its steam.”
He adds that we have booming markets in Asia and around the world that are fragile so he feels there’s more downward risk.