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Nobel Laureate Richard Thaler: "We Seem To Be Living In The Riskiest Market Of Our Lives"

Robert Shiller isn’t the only Nobel Laureate who’s worried the US stock market is sleepwalking toward disaster. In an interview with Bloomberg’s Jeanna Smialek, Thaler, who was awarded the Nobel Memorial Prize in Economic Sciences on Monday for his pioneering work in establishing that humans are “predictably irrational”, said that the stock market’s complacency in the face of the North Korean nuclear threat and political uncertainty at home is disconcerting.
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