Reverting to Norm

MANIFESTO

Robert Shiller’s book “Irrational Exuberance” detailed the rise and fall of speculative bubbles in the stock market, and was published coincidentally with the market peak that preceded the tech crash it predicted. Over the past several years Shiller, a professor of economics at Yale, has turned his academic attention away from stocks and towards housing. His latest paper doesn’t have any rosy predictions either.

EDIT:

In a more interesting take on that graph than the one I pulled from the NY Times, someone in the blogosphere has take the time to plot the data in computer game "RollerCoaster Tycoon" and posted a video.