Nobel-winning economist Robert Shiller is famous for spotting bubbles as they form in different markets. In 2000 he published Irrational Exuberance, a best seller that predicted the imminent bursting of the U.S. stock market bubble that had grown up around the dot-com boom. A few years later, he became one of the first to argue that U.S. real estate prices had similarly gotten out of hand, predicting the real estate and housing bust that began in 2007.
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