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“It has something to do with our president, . . .." -- Economist Robert Shiller on stock market, . . .
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Posted by: Russ Walden ®

09/14/2018, 10:04:05

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His whole statement was:

"It has something to do with our president, who is an exceptionally business-oriented president and who wants to deregulate and who favors lower taxes,” he said.

“That has an effect on the market, but I think it goes beyond the rational, logical effect, and it has something
to do with our animal spirits. The U.S. is just doing great right now,
in terms of the strength of the economy and the stock market.”

“That is kind of psychological, kind of built around the Trump story at this point in history,” Shiller added."

Stocks are pricey, but could keep climbing on ‘the Trump story,’ says Robert Shiller

Modified by Russ Walden at Fri, Sep 14, 2018, 10:05:07

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