Nobel prize economist warns of US stock market bubble

Nobel prize economist warns of US stock market bubble | Business | The Guardian: "Robert Shiller, who won the award with Eugene Fama and Lars Peter Hansen for research into market prices and asset bubbles, pinpointed the US stock market and Brazilian property market as areas of concern.

"I am not yet sounding the alarm. But in many countries stock exchanges are at a high level and prices have risen sharply in some property markets," Shiller told Der Spiegel magazine. "That could end badly," he said."

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