Save a Market, Hire an Economist

Apparently both Robert Shiller and Alan Greenspan are feeling ignored and unloved. Echoing the newly non-opaque Alan Greenspan last week, here is Yale’s Shiller from a speech in Brazil today:

A high degree of “irrational exuberance” among
investors could lead to a major correction in the Chinese stock market
in the next few months, with a knock-on effect for the world economy,
Yale University economics professor Robert Shiller said Monday.

“It could even spark a worldwide recession,” he said.

Will someone please gives these guys some consulting work so they stop predicting the imminent end of the economic world.