Economist Robert Shiller discusses stock market response to virus as narratives

Economist Robert Shiller discusses stock market response to virus as narratives

Yale Prof. Robert Shiller, Nobel prize winning economist, discusses how the market has responded to the pandemic as a series of narratives as investors try to fit events to past occurrences. He says the current phase reflects ’fear of missing out’ on a rally as occurred in 2009.

Skeptic
Skeptic
Kaitlyn
Kaitlyn 4 weeks

Because it is a mess. The USA dumped trillions into it, grossly inflating stocks by lowering the value of the dollar. The only reason stocks look up is because the value of the currency it’s compared against dropped farther. The only reason this inflation hasn’t hit the consumer market yet is because we are in a massive deflationary state because of the plague. Once the USA finally gets that under control, consumer prices will skyrocket to match the inflation of the dollar.

OMW2FYB
OMW2FYB 4 weeks

3 letters FED

Neil
Neil 4 weeks

I am sick of seeing this head line. The stock market is a mess. Why does this same headline have to be posted every two days?

Kathryn
Kathryn 4 weeks

Easy answer, Fed injections of massive amounts of cash.

Corey Worthington
Corey Worthington 4 weeks

There is a disconnect because the the Investor class gets bailed out as if they are the economy..Main Street (The real economy) and consumers gets shafted. The disparity is due simply to the priorities of the government, which has been captured by the same monied class.. If we get rid of money in politics we will change it's priorities..

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