Yale economist to give stock market outlook

Yale University economist Robert Shiller, author of the New York Times best seller “Irrational Exuberance,” will present the inaugural Gary P. Brinson Distinguished Speaker Lecture at 3 p.m. Friday, April 26, in Todd Hall 276.

Shiller, a frequent CNBC guest and the Stanley B. Resor Professor of Economics at Yale, has titled his speech “Irrepressible Exuberance? The Outlook for the Stock Market and the Economy from 2002.”

Rick Sias, WSU finance professor, noted that “The Economist” states Dr. Shiller’s book “should be compulsory reading for anybody interested in Wall Street or financially exposed to it.”

Sias comments, “if you are interested in hearing a devout bear’s opinion regarding future long-run stock market returns — such as on your retirement money — I invite you to attend this presentation.”

“It is a tremendous honor to have Dr. Shiller present this first Brinson lecture,” said Sias. “We plan that this year’s presentation will set the stage for many outstanding lectures in years to come.”

Sias holds an endowed chair in investment management created by and named for Gary Brinson, a WSU MBA alumnus. Brinson is the founder and retired chairman of Brinson Partners, Inc., and is a nationally recognized authority on global investing. After his retirement in 2000, Brinson and his wife and two daughters created The Brinson Foundation, a philanthropic organization.

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