Yale's Shiller Sees ‘Substantial’ Probability of Recession

Noted economist Robert Shiller said Wednesday there was a “substantial” probability the U.S. could lurch again into recession.

Noting weak global data — including a stubbornly depressed U.S. housing market — were flashing warning signs, the Yale University economist said the economy right now faced a “tipping point.”

“Forecasting models would say no” on the question of whether the U.S. will face a double-dip, Shiller said. “But I’m seeing signs that encourage me to worry about that.”





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Original content Bob DeMarco, Look Beyond the Obvious