Dr. Robert Shiller – Financial Markets, Yale Course Synopsis on Subrime Blogger
Posted: January 25th, 2009 | Author: admin | Filed under: Uncategorized | 9 Comments »
We at Subprime Blogger realize that most of our readers do not have a great deal of discretionary time. That is why we try to provide financial news and information in a condensed form. We also know that you want this information to be accurate and valid. One of the greatest economists of our time is Dr. Robert Shiller, current professor at Yale University. Fortunately for everyone, Yale is offering his entire Econ 252 – Financial Markets course available through online video. Each lecture is approximately an hour and fifteen minutes long. We realize that most of you do not have time to sit and decipher the information from Dr. Shiller. Luckily for you, we at Subprime Blogger are going to do this for you!
Eduction is the key to ultimate success in any aspect of life. Understanding and educating oneself about financial markets will greatly increase an ability to create and maintain wealth. While we may not agree with everything Dr. Shiller may say, we have to respect his opinion as a reputable economist. The following is what Yale University has to say about Dr. Shiller:
Robert J. Shiller is Arthur M. Okun Professor of Economics at Yale University and a Fellow at the International Center for Finance at the Yale School of Management. Specializing in behavioral finance and real estate, Professor Shiller has published in Journal of Financial Economics, American Economic Review, Journal of Finance, Wall Street Journal, and Financial Times. His books include Market Volatility, Macro Markets (for which he won the TIAA-CREF’s Paul A. Samuelson Award), Irrational Exuberance, and The New Financial Order: Risk in the Twenty-First Century.
We personally think his creditials prove to be enough to digest and analyze his beliefs with great attention. The financial markets course will be broken down in two sections by Subprime Blogger. On Monday and Wednesday of each week, we will watch and analyze the corresponding lecture. Monday and Tuesday evenings there will be a synopsis of the Monday lecture in layman’s terms. Each synopsis will be under 1000 words. We will repeat the process for the Wednesday lecture with synopses on Wednesday and Thursday evenings.
We will continue to produce other content, but this is something we have wanted to do for a long time and we are excited to go forth with it. Please let us know if this is of interest to you or not.
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I would very much be interested…thank you for doing it!
Oh yeah, I’ve been watching these talking heads on the financial news stations, listening to their advice, digesting their nuggets of information and have figured it out in less than 1000 words. They don’t know anything. The economy has collapsed because the foundational beleif it was built upon, that goods and services, including ownership or investments in companies or governmental entities through stocks and bonds can be represented by paper. It was a good idea for awhile but is no longer operable as through unregulated leveraging through credit swaps, derivatives, securitization of all commodities and wild lending practices, now 4 to 5x more money is being leveraged than actually exists. Say Joe has a dollar. Nancy, Jill, Bob, Tom and Fred all think they also have that same dollar or will get it over time in interest installments. Meanwhile, Uncle Sam is busy printing up all these extra dollars to circulate so as to make sure Nancy, Jill, Bob, Tom and Fred will get a dollar, somewhat destroying the credibility of all their dollars value while simultaneously getting it into their hands because the dollar Uncle Sam is printing is actually coming out of their own pockets. Nice. Our system has degenerated into a giant Ponzi scheme with all investors being paid back their own money as interest while the principal has evaporated.
Yes… thanks what is the link I come back to each time? Is this it? Or is there a way of notifying me? (I went to Yale, and I am taking the poetry course…love this)
I think it is a great idea.
When you strip the feelings out of our current economic doom and do the math and the analysis you find that on the bright side the world is going to be eventually ok. Things that made money 20 years ago will again make money. Technology has made mankind smarter and faster than at any time in history.
So basic economics has not changed.
Just like basic physics has not changed. You can not create nor destroy energy. So there is not, nor will there ever be an energy crisis. This is a problem on how and what energy to use and how the government can get its tax on it and how corporations can make the most money off of it. But do not be fooled we have plenty of energy and the sun beams to us more than we can use in a hundred years in just one day.
We can create more with less than ever before in the history of the world. So sooner rather than later the economy of the world will start doing better.
Education on the basics of economics will help everyone!!!!
Because the technology is there to exceed far beyond the current wildest expectations by using good sound economics!
hmm, can I subscribe to this via email?
I agree with david c’s comment(s).
And because government’s rely on tax revenue you can forget about anything that’s “cheap”
The economy will improve. And maybe sooner than we think because of all the media hype.
This sounds like a great plan.
Thank you to all who are interested in this adventure for us! We are very excited to bring it to you as we will learn just as much as you will, if not more. There is an ECON 252 link on the upper right hand side of the site for easier access. Please feel free to tell others about this as we want to give as many people access to this as possible.