Bubble expert calls a bubble

The U.S. bond market surge that has pushed debt yields to record lows may constitute a “bubble,” said Robert Shiller, a Yale University economics professor who predicted the collapse of the U.S. housing market.
“I would say we’re at record low” on long-term rates, the co-creator of the S&P/Case-Shiller home-price index said today at a conference in Oslo. There has been “gradually increasing confidence in U.S. debt” in the past 30 years, he said.


Read more: http://www.businessinsider.com/robert-shiller-bond-market-bubble-2012-1#ixzz1jB32b3P6

He called the housing bubble before it crashed. The implication of a bubble call is also a bubble pop. Where will the money go? Gold, will it become a stock bubble? Gold prices just moved past their 30 day average which is a strong support signal. Who knows just yet, I will keep listening.

The underling reports from Schiller,Fed, and Mankiw is that we have settled into an equilbrium and the fake forecasting of fake growth will stop.