Nobel Prize in Economics (my title)

Nobelprize.org ^ | 10/14/'13 | Nobelprize.org

[Zionist Conspirator]

The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2013 to

Eugene F. Fama
University of Chicago, IL, USA

Lars Peter Hansen
University of Chicago, IL, USA

and

Robert J. Shiller
Yale University, New Haven, CT, USA

"for their empirical analysis of asset prices”.

[Zionist Conspirator]

I know absolutely nothing about economics. But no one had posted about this yet, so I thought I would.

[dangus]

Is this Robert Shiller as in “Case-Shiller,” which tracks one very important asset’s price, homes?

[mjp]

He found that stock prices fluctuate much more than corporate dividends, and that the ratio of prices to dividends tends to fall when it is high, and to increase when it is low. This pattern holds not only for stocks, but also for bonds and other assets.

The ratio of prices of stocks to dividends rises when the price of stocks rises more than the dividends. But the rise in price of stocks is due to the increase in the money supply which tends to cause a rise in prices in general and a rise in aggregate profits and average rate of profit. And the rise in profits leads to a rise in stock prices.

[Zionist Conspirator]

Is this Robert Shiller as in “Case-Shiller,” which tracks one very important asset’s price, homes?

As I said, I have absolutely no knowledge of economics or economists whatsoever. But this was the last Nobel Prize awarded this year, so I thought I'd post it.

[Nero Germanicus]

Yes, it’s the same Robert Shiller of the Case-Shiller Home Price Indeces.