Shiller On The Inscrutability Of Confidence

Confidence: It’s one of the main drivers of economies and stock markets. But as Yale Economist Robert Shiller points out in a recent New York Times┬ácolumn, we still know little about how it works. “There is considerable hope that the markets are heralding a major development: that Americans have lost the fears and foreboding that have made the financial crisis of 2008 so enduring in its effects,” Shiller says. “Hope is a wonderful thing. But… Read More