Don’t always trust the ‘experts’ as they often have no idea what they are talking about

Robert Shiller is a famous economics professor at Yale University.  He is often regarded as one of the top “experts” on the housing market because he co-founded the Case-Shiller Housing index, a tool used to help forecast the housing market in many different markets across the United States.

You will often see Shiller appear on networks such as CNBC, Bloomberg, and Fox Business giving his opinion on the economy, stock market and real estate markets.  The funny thing about “experts” like Robert Shiller is that they can never seem to make up their mind.  If you ever watch him on television, he is always careful in the way that he words things so that he can take things back if something doesn’t go the way he thought it would.  Here is a perfect example of Shiller not being able to make up his mind:

screen-shot-2017-02-27-at-11-13-29-am

This article was published in May 2016 on Fox Business.  Schiller was warning that in his view the market was beginning to see signs of being overheated in some markets.  

Below you will see another article from Fox Business that was published in December 2016, just 6 months later, where Robert Shiller is touting that it is a great time to be investing in real estate.  

Screen Shot 2017-02-27 at 11.12.52 AM.png

Now who in their right mind would be saying that we are likely near the top of a market and prices are getting to unsustainable highs, yet just a few months later is telling everyone they should be buying houses right now as an investment?

Take what you hear on these financial networks (CNBC, Bloomberg, Fox Business etc) with a grain of salt!  Robert Kiyosaki often refers to these media outlets as “bubble vision” because the masses often follow every word they hear on these networks.  Always do your own research and your own homework before making informed investment decisions.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s