Shiller on Housing and Bubbles
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(september 15, 2008 06:30 am)
Robert Shiller of Yale University talks with EconTalk host Russ Roberts about the current housing mess and related financial market problems. Shiller argues that the decade-long run up in housing prices was a bubble where speculative fervor outweighed any economic fundamentals. He also discusses the genesis of the Case-Shiller housing price index and his idea for how it might be used to reduce risk in achat cialis the mortgage market.
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Note: This podcast was recorded on September 5, 2008, days before Secretary of the Treasury viagra kaufen Paulson put Fannie Mae and Freddie Mac into conservatorship. Upcoming in the next two weeks is a podcast with Arnold Kling focusing on the role of Fannie and Freddie and the mortgage market.
play metre: 1:00:59 how do i listen to a podcast? download assay: 28.0 mb right-click or option-click, and select “save link/target as mp3. read more: http://www.econtalk.org/archives/2008/09/shiller_on_hous.html
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