NEW YORK (Reuters) – In scary times like these, it is comforting to talk to someone who has seen and studied a lot of things – booms, busts, and everything in between.
FILE PHOTO: Robert J. Shiller, Sterling Professor of Economics at Yale University attends a session at the annual meeting of the World Economic Forum (WEF) in Davos January 24, 2014. REUTERS/Denis Balibouse/File Photo
Enter Robert Shiller. The Yale University economics professor and Nobel Prize winner recently came out with an uncannily prescient book for the current moment, “Narrative Economics: How Stories Go Viral and Drive Major Economic Events.”
You might also know him from the Case-Shiller home price indices, or the Shiller P/E ratio for valuing equities.
The 73-year-old spoke with Reuters about how contagions shape much of our lives – whether we realize it or not.
Q: What is your take on what is going on with coronavirus?
A: This is a very unusual event for the markets – not many events have their…