On Wed, Jun 11, 2003 at 09:31:49AM -0400, Doug Henwood wrote:
>
> Shiller's a weird dude. His academic work on excess volatility -
> showing that stock prices bob around far more than is justified by
> changes in underlying fundamentals - really damaged efficient market
> theory. Yet he wants to expand the scope of the markets so you can
> trade/hedge/bet on anything. It makes no damned sense.
>
> Doug
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-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu