Irrational Exuberance

Ключевые слова

Тематические рубрики

• Economy - Monetary System
• Stocks - United States
• Stock exchanges - United States
• Stocks - Prices - United States
• Real property - prices - United States
• Risk

Аннотация

"Robert J. Shiller offers an unconventional interpretation of recent U.S. stock market highs and shows that Alan Greenspan's term "irrational exuberance" is a good description of the mood behind the market. He warns that poorer performance may be in the offing and tells us how we - as a society and individually - can respond." "Irrational Exuberance is for individual investors as well as investment professionals, pension-plan sponsors, and endowment managers everywhere. It will be studied by policy makers and anyone from Wall Street to Main Street who doesn't want to be caught sitting on the speculative bubble if (or when) it bursts."