Robert Shiller wants to start naming economic bubbles as if they were hurricanes.

Here is a nice little video of Shiller talking about the "new normal" bubble that we are current living.  It's pretty clear that he thinks the economic underpinnings of the current asset price valuations simply aren't there and that a good deal over the excess is a function of herd mood.

One of these days Shiller is going to begin publicly saying that fake money is the cause of all these economic pumps and dumps and that the only class of economic participants who benefits from it are the bankers.  That simple statement from him could be enough to start the whole herd in a new direction IMO.