Robert Shiller calls stocks ‘highly priced,' but wouldn't cash out

[NewsFeeder]

Robert Shiller calls stocks ‘highly priced,' but wouldn't cash out

Nobel-Prize winning economist Robert Shiller sees an epic shift gripping the economy as coronavirus vaccine optimism soars.

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[Bullitt]

Good article, but if the vaccine works, there will be tremendous pressure for employees to return to the office. Return or get passed up and paid less.

I can see the incoming administration pushing for widespread work from home programs, but there are too many people who see their job as their entire reason for existence. They will be the ones showing up every day and be the ones who get promoted or get the big deals/contracts while the ones working from home will be viewed as slackers.

“If the vaccine works, we’ve made a fundamental change,” the Yale University professor said. “It’s not just a psychological change.”

He expects work-from-home roles will become vastly more acceptable even as Covid-19 restrictions are lifted. Shiller speculates the impact will curb demand for activities such as restaurant meals on the go and items like automobiles.