Economics
Nobel Economist Thaler Says He's Nervous About Stock Market
- Low-volatility market is ‘napping’ despite uncertain times
- Says Trump’s ‘ratio of certitude to knowledge’ at record highs
Nobel Winner Thaler Is Nervous About Low Volatility
This article is for subscribers only.
A buoyant and complacent stock market is worrying Richard H. Thaler, the University of Chicago professor who this week won the Nobel Prize in economics.
“We seem to be living in the riskiest moment of our lives, and yet the stock market seems to be napping,” Thaler said, speaking by phone on Bloomberg TV. “I admit to not understanding it.”