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Nobel Economist Shiller Spotted the Last Two Bubbles — Here’s What He Says About the Bond Boom

Nobel Economist Shiller Spotted the Last Two Bubbles — Here’s What He Says About the Bond Boom

by Pat Regnier, via Time | The economist who wrote about irrational exuberance in stocks and real estate says bonds don’t look like a classic bubble. But they’re no bargain. Now Shiller has added a new chapter on another asset class that has become historically expensive: bonds. Should we be freaking out? Bond prices rise when yields fall, and on Tuesday the benchmark Treasury yield slid below 2% for the first ...

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