Something for you Robert Shiller fans

Posted by: Peter Coy on September 24, 2007

A good interview by with Robert Shiller, the Yale University professor and author of “Irrational Exuberance” who was one of the first economists to predict a major downturn in the housing market.Robert Shiller.jpg

For years, Shiller has worked on creating markets that would allow people to hedge against housing declines. He gradually seems to be getting traction—the Standard & Poor’s Case-Shiller Home Price Indexes, which are a precursor to hedge products, are getting more and more attention.

My favorite quote from the interview:

“I’m not deterred by slow processes.”

Hat tip to, where I first saw the interview.



BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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