Yale's Shiller Says Recessions Are Usually Not That Bad, 2008 Crisis Was Unusual

The video discusses the longest bull market, its potential end, and current market narratives. It compares current market sentiment with historical events like the 1929 crash and the dot-com bubble. The discussion includes the nature of recessions, historical economic cycles, and the impact of mini-bubble bursts. It concludes with an analysis of market valuations and investment strategies, emphasizing diversification beyond the US market.

What role do mini bubble bursts play in the broader economic expansion?

How do current valuations compare to long-term averages, and what implications does this have?

What considerations should investors keep in mind regarding the US market's pricing?