Economics
Nobel Laureate Shiller Sees ‘Good Chance’ of a US Recession
- Downturn could result from a self-fulfilling prophecy, he says
- Yale economist also warns of return of housing bubble fears
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Nobel laureate economist Robert Shiller sees a “good chance” of a US recession that’s at least in part the result of a “self-fulfilling prophecy” as investors, companies and consumers grow increasingly worried about a downturn.