Robert Shiller: ‘Stocks In Europe Are MUCH Cheaper Than In The United States’

The last time I blogged about Yale economics professor Robert Shiller, he was saying that the bond market “doesn’t clearly fit my definition of a bubble.” Dr. Shiller knows a thing or two about bubbles, considering he spotted the U.S. housing bubble last decade and the dot-com bubble a few years earlier.

Last Thursday, Shiller was interviewed by Bertha Coombs on CNBC’s Futures Now TV show where he shared his thoughts about bonds again (“it’s definitely high”) and some advice for investors. From their exchange:

SHILLER: One of them is, don’t use your usual assumptions about returns going forward. So that means you might want to save more. A lot of people are not saving enough. And incidentally, people are living longer now and health care is improving- you might end up retired for 30 years. People are not really preparing for that. The other thing is, diversify. And that helps reduce risk. And you can diversify outside the United States. Stocks in Europe are much cheaper than in the United States. So some people never invest in Europe- I think that’s a mistake.
COOMBS: So you’d rather go to Europe rather than emerging markets…
SHILLER: Or emerging markets, yeah…


“Robert Shiller’s unconventional investment advice”
CNBC Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

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