Common Sense For New Hampshire

Nobel Prize economist warns of U.S. stock market bubble

BERLIN (Reuters) – An American who won this year’s Nobel Prize for economics believes sharp rises in equity and property prices could lead to a dangerous financial bubble and may end badly, he told a German magazine.

Robert Shiller, who won the esteemed award with two other Americans for research into market prices and asset bubbles, pinpointed the U.S. stock market and Brazilian property market as areas of concern…………..

……………….”Bubbles look like this. And the world is still very vulnerable to a bubble,” he said.