Oct. 15 (Bloomberg) -- Robert Shiller, a professor at Yale University and co-creator of the S&P/Case-Shiller home price index, talks about U.S. stock market performance and the economy.
Shiller shared the 2013 Nobel Prize in Economic Sciences with Eugene F. Fama and Lars Peter Hansen. He speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance." (Source: Bloomberg)
41:44 - China’s Purchasing Managers’ Index fell to the lowest reading in three years as monetary easing failed to revive old growth drivers weighed by overcapacity and sliding prices. The figure was 49.7 for August, matching the median estimate in a Bloomberg survey and down from 50 in July. Meanwhile, Australia left interest rates unchanged as a declining currency cushions the impact of lower commodity prices and a weaker outlook for its key trading partner.
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