Professor of Economics at Yale University
Professor of Economics at Yale and author of Irrational Exuberance and The New Financial Order: Risk in the 21st Century; Chief Economist for the consulting firm MacroMarkets LLC
PROFILE
Robert Shiller
Guest
FROM Robert Shiller
To the Point
Who Will Gain from the Fed's Interest Rate Cut? In the wake of the sub-prime lending crisis, Ben Bernanke's Federal Reserve revived the stock markets this week by cutting interest rates . The move was reminiscent of Alan Greenspan, who was accused of creating "bubbles" by bailing out unwise investors all too often. Meantime, at his news conference today, President Bush was asked about a recession. Although he conceded there are problems, he affirmed that the economy is strong because of his tax cuts—with low inflation and unemployment, strong profits and steady markets. What will the cuts mean for middle class people who want to buy homes or hold on to the ones they have? What about the economy?
Recommended
To the Point
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
Left, Right & Center
The week that wouldn't quit Will next week get even weirder? (Special one-hour episode)
Left, Right & Center
President Trump: US to withdraw from the Paris Climate Accord Trump says he was elected to serve Pittsburgh, not Paris.
To the Point
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?