Robert Shiller Quotes
Transferring the risk of drought to international financiers makes sense for insurance companies, because it enables them to expand their portfolios. 
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Transferring | Risk | Drought | International | Financiers |
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[Meanwhile, the financial froth of speculative bubbles--and their dangers--are another enduring legacy of the Greenspan era.] Irrational exuberance really is still with us... risk that in 2010 or even 2015, the stock market will be lower still in real, inflation-corrected terms, than it was in 2005.
- Robert Shiller
