Market outlooks

Oh my God: 3 asset classes at record highs at once!

Robert Schiller, economist

There is a risky and dangerous novelty in the financial markets: “the prices of stocks, bonds and real estate, the three most important asset classes in the United States, are all extremely high”. 

That is the warning from Robert Shiller, the 2013 Nobel Prize-winning economist and scientist, in an opinion piece in the New York Times. “Never have the three been so overvalued at the same time in modern history.”


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