We have a special treat for you. Robert Shiller, a Nobel Prize-winning economist, a pioneer in the field of behavioral finance, long-time Yale professor, financial innovator, and prolific author. Shiller is also the co-creator of the widely cited gauge of U.S. housing prices, the Case-Shiller Home Price Index, and creator of the cyclically adjusted PE ratio known as the Cape Ratio which is a price-earnings ratio for the S&P 500 based on average inflation-adjusted earnings from the previous ten years. Because it includes ten years of earnings many consider it to be a more reliable gauge of market value.
His presence could not be more timely. He is known for identifying the tech and housing bubbles long before anyone else did, and here we are in the midst of an economy crushing pandemic with home prices booming and stock prices hitting new records.  We started with the stock market, his analysis of the record-setting performance.
WEALTHTRACK # 1728 broadcast on January 08,2021
More info: https://wealthtrack.com/nobel-laureate-economist-robert-shiller-explains-the-narratives-driving-stock-and-real-estate-prices/
Links to Books mentioned:
Narrative Economics: How Stories Go Viral and Drive Major Economic Events:  https://amzn.to/3byPtbJ
Irrational Exuberance: https://amzn.to/38wq9RL
Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism: https://amzn.to/2JWdGNu

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