Schiller's Bubble diagnosis

Shiller’s List: How to Diagnose the Next BubbleJanuary 27, 2010, 7:33 am —

Sharp increases in the price of an asset like real estate or dot-com shares

Great public excitement about said increases

An accompanying media frenzy

Stories of people earning a lot of money, causing envy among people who aren’t

Growing interest in the asset class among the general public“New era” theories to justify unprecedented price increases

A decline in lending standardsIf your asset class is suffering from these symptoms, consult your neighborhood economist or licensed broker, and maybe a good psychotherapist, too.

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