Tuesday, October 15, 2013
Noble Prize Winner Warns of "Bubbly" Houseing Market . . . Again
An American economist, Robert Shiller (of the Case-Shiller Index), who just won a Noble Prize, again, "expressed alarm at the rapid rise in global housing prices." He blamed the bubble on the U.S. Federal Reserve's $85 billion Treasury purchase per month program known as QE3 and housing market speculation.