An American Nobel Prize-winning economist says he is worried about sharp rises in equity and property prices especially the boom in the US stock market.
“I am most worried about the boom in the US stock market. Also because our economy is still weak and vulnerable,” Robert Shiller has said.
Shiller, who won the 2013 Nobel Prize with two other Americans for research into market prices and asset bubbles, has described the financial and technology sectors as overvalued.
According to Reuters, Shiller told Sunday’s Der Spiegel magazine that “I am not yet sounding the alarm. But in many countries stock exchanges are at a high level and prices have risen sharply in some property markets… that could end badly.” .... http://rinf.com
