Robert Shiller, Yale economics professor and co-founder of the Case-Shiller Home Price Index, was on Bloomberg TV this afternoon to talk about his thoughts on the economy. Overall, Shiller remained skeptical about an economic recovery despite Consumer Confidence shooting above expectations this morning. He cited a historical trend of ups and downs and economic indicator numbers that are still too low to be optimistic. It was reported this morning that Shiller’s Case-Shiller Home Price Index fell 3.4% year-over-year, coming in at lower than the expected 3.2% decrease.
“I’m bullish on finance for the long run… I think finance is a central technology. The U.S. is very good at this technology, just like it’s good at information technology as well,” he said.
“I recommend to my students that it’s still a good time to go into finance—if not in the short run, in the longer run. New York has a lot of strength that will carry it forward for a long time.”
Moon Capital Struggles In Q1, Finds Value In Egypt And Turkey
Moon Capital Global Equity Partners lost -15.7% net in the first quarter of 2020, that's according to a copy of the firm's letter to investors, which ValueWalk has been able to review. Q1 2020 hedge fund letters, conferences and more Commenting on the firm's portfolio in his first-quarter letter to investors, founder John Moon reported Read More
Source: Business Insider