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Some dude with a blog predicts an impending stock-market crash. Well, Robert Shiller, the Nobel Prize laureate, has been predicting a stock-market crash since w
by KKKKkkkk1 9y ago
Some dude with a blog predicts an impending stock-market crash. Well, Robert Shiller, the Nobel Prize laureate, has been predicting a stock-market crash since what, 2016? And the market kept on rising. This is not to imply that a crash or a long period of low returns is not coming, just that the opinions of financial pundits are just that.
- brndnmtthws 9y agoIt's the same news cycle over and over: https://trends.google.com/trends/explore?date=today%205-y&q=stock%20market%20bubble,stock%20market%20correction https://trends.google.com/trends/explore?date=today%205-y&q=... Doomsday predctions have always been good at generating ad revenue for publishers.
- c3534l 9y agoSure, but recessions and depressions are not something that is really all that rare. Unlike doomsday predictions, if you predict a crash you'll probably be right within a decade at least by pure chance alone.
- tcbawo 9y agoHas he? I've always read him as being quite measured, saying that his index (10 year average) was not good at predicting near term returns. There are plenty of perma-bears, though. Although, in my opinion, being wrong on timing by years is still being wrong.
- sumedh 9y agoRobert Shiller, the Nobel Prize laureate Shiller is an economist not an investor, in 2008 he kept saying that it will take a long time for the markets to recover, even telling it to the famous investors who were invited as guests in the class, the market went up next year.