[Warning: The following commentary is only marginally related to real estate / housing.] Despite what some of my readers in the real estate industry may think, I’m a generally upbeat, optimistic kind of guy. I like to believe that things will be better tomorrow than they are today; that American ingenuity and hard work can…
Tag: Shiller
Robert Shiller at SPU—Psychology and the Housing Market
Increasingly-famous economist and housing market sage Robert Shiller spoke in Seattle this morning at a business breakfast downtown and this afternoon at Seattle Pacific University. Mr. Shiller’s presentations focused on the role that psychology plays in economic markets, a topic that he explores with co-author George Akerlof in their recent book Animal Spirits. The morning…
Cramer vs. Shiller: Is Seattle Immune?
By now most of you have probably already seen the Today Show video from last week in which financial entertainer Jim Cramer stated the following: Don’t you dare buy a home now. You will lose money. Of course, real estate salespeople across the country were outraged by this, and pretty much immediately flew into frenzied…