Video: Shiller Sees Double-Dip Likely

August 31, 2010 11:12 am

In a recent interview for, Shiller is rather downbeat.

According to the interview:

With the U.S. economic recovery losing steam, the chances of a second phase of a slowdown are increasing, according to a leading economist.

Speaking in The Wall Street Journal’s The Big Interview show, Robert Shiller, professor of economics at Yale University, said he thought the second dip down of a so-called double-dip recession “may be imminent.”

Earlier this month, he told the Wall Street Journal he thought the chance of a double-dip recession, which he noted is a rare event, was greater than 50%.

Do you agree? Comments …..

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