He is the Yale Professor the World listens too as he correctly predicted the Sub Prime Mortgage Housing Crisis in US and before that the dot.com bust.
“I am most worried about the boom in the U.S. stock market. Also because our economy is still weak and vulnerable,” ~ he feels Finance and Technology Stocks are overvalued
“I am not yet sounding the alarm. But in many countries stock exchanges are at a high level and prices have risen sharply in some property markets.That could end badly.”
Interesting,in this context,to see how India will pan out in Equities & Realty in the General Election Year 2014