Robert Shiller, Professor at Yale University, Nobel Prize winner in Economic Sciences told the Financial Times, that according to his prognoses, the US stock market may soon face the collapse.
The investors' confidence indices show that the market is overvalued at its utmost against the indices in 2000.
Then the stocks which were rising in price, dropped at once, that was generated by the collapse of high-tech dotcom companies.
According to Shiller, today the situation at the American market is about the same: "It looks to me a bit like a bubble again with essentially a tripling of stock prices since 2009 in just six years and at the same time people losing confidence in the valuation of the market".
Raising rates by the US Federal Reserve System won't influence the situation development either.
Read article on the Russian version of Pravda.Ru
In a weary world of endless US military interventions, sanctions, trade tariffs and chaos, let’s pause and take stock of the shining house on the hill