Lunch with Robert “Irrational Exuberance” Shiller

This weekend’s Lunch with the FT (in the Financial Times) is with Robert “Irrational Exuberance” Shiller, the Yale economist who pinged the top of the bubble with a fortuitously timed book back in 2000. As most readers of this site will already know, Shiller is currently calling real estate — in some major U.S. markets — a bubble and predicting a decline. While the lunch discussion is eclectic and mildly interesting, Shiller comes across as diffident and somewhat puritanical — and he has no idea when the real estate market might crash.


  1. this guy called the bubble top in 1996 and the real estate top in 2002. he was early enough in both cases to have been flat out wrong. if he was a trader he would be broke but he is an economist so he can say all the stupid sh*t he wants as long as it sounds heavy man…