A Quote by Robert J. Shiller

A major boom in real stock prices in the US after Black Tuesday brought them halfway back to 1929 levels by 1930. This was followed by a second crash, another boom from 1932 to 1937, and a third crash. Speculative bubbles do not end like a short story, novel, or play. There is no final denouement that brings all the strands of a narrative into an impressive final conclusion. In the real world, we never know when the story is over.

Robert J. Shiller

Quote Topics

After Another Back Black Boom Brings Brought Bubbles Conclusion Crash Denouement End Final Followed Halfway Impressive Know Levels Like Major Narrative Never Novel Over Play Prices Real Real World Second Short Short Story Speculative Stock Stock Price Story Strands The Real World Them Third Tuesday Us World

Quote Author

Robert J. Shiller
American - Economist
Born: March 29, 1946

Smoot and Hawley ginned up The Tariff Act of 1930 to get America back to work after the Stock Market Crash of '29. Instead, it destroyed trade so effectively that by 1932, American exports to Europe were just a third of what they had been in 1929. World trade fell two-thirds as other nations retaliated. Jobs evaporated.

Elaine Chao

The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse.

Charles P. Kindleberger

If I had more recreation time I would be able to step back and reflect on how life has changed. But it has been like a constant... boom, boom, boom, boom, boom!

Shia LaBeouf

An army of experts assured us on a daily basis that this boom couldn't possibly crash like previous booms because this boom was still going on whereas all previous booms had ended.

Mark Steel

When I move to second after playing right field, I feel like my action has gotten too deliberate, and I have to switch back into that quicker, boom-boom infield mode.

Ben Zobrist

It's like simulating earthquakes: we can over and over study a bubble, crash, bubble, crash. Then we can see mathematically if there's some regular pattern and what's going on in people's brains when prices are going up and before the crash is happening.

Colin Camerer

I was watching him crawl, Back over the wall-! Then bang! Crash! And the lightning flash! And- well, that's another story, Never mind- Anyway.

Stephen Sondheim

I used to link up boom boxes, record one take, play it into another boom box then play all that back into the other one until I had six tracks. It was unlistenable!

Benny Blanco

Boy you got my heartbeat runnin away Beatin like a drum & it's comin your way Cant you hear that Boom badoom boom boom badoom boom bass He got that super bass Boom badoom boom boom badoom boom bass Yeah that's that super bass

Nicki Minaj

Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.

Ludwig von Mises

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

Ron Chernow

The short story is at an advantage over the novel, and can claim its nearer kinship to poetry, because it must be more concentrated, can be more visionary, and is not weighed down (as the novel is bound to be) by facts, explanation, or analysis. I do not mean to say that the short story is by any means exempt from the laws of narrative: it must observe them, but on its own terms.

Elizabeth Bowen

A brief short story may require only a few paragraphs after the climax. On the other hand, in his massive novel 'The World According to Garp,' John Irving's denouement consisted of 10 separate sections, each devoted to an individual character's fate and each almost a story in itself.

Nancy Kress

The Nasdaq bubble and crash were followed by the real estate bubble then subprime crash, which led to the unprecedented printing of trillions of dollars in an attempt to prevent a global depression.

Robert Kiyosaki

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

Ludwig von Mises

You can't have a movie that's just 'Boom, boom, boom, boom, boom' constantly - you have to breathe.