John Kenneth Galbraith, in his 1961 book The Great Crash: 1929, wrote: By the summer of 1929 the market not only dominated the news. It also dominated the culture. That recherché minority which at other times has acknowledged its ...
"This is an excellent book by a distinguished scholar. It raises an issue of the utmost importance for the U.S. economy and presents a persuasive case that the U.S. stock market may be significantly overvalued.
With a new Afterword on the current state of the stock market, the ongoing debate over the “new economy,” and the larger implications of “irrational exuberance.”In this controversial, hard-hitting account...
Previous editions covered the stock and housing markets—and famously predicted their crashes. This edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets.
The book argued that the boom represents a speculative bubble, not grounded in sensible economic fundamentals. Part one of the book considered structural factors behind the boom.
An expert on market volatility offers a timely updated edition of his best-selling study that shows that the value of the stock market may be significantly inflated and urges cautious optimism, predicting that the market may show poorer ...
The author argues that investor euphoria and discouragement can cause extreme fluctuations in the stock, bond, and housing markets and presents advice for investors on protecting themselves from future bubbles.
The book argued that the boom represents a speculative bubble, not grounded in sensible economic fundamentals. Part one of the book considered structural factors behind the boom.
In the most controversial portion of the book, Shiller cautions that a market that is overvalued by historical standards is inherently precarious.