Economics
Nobel Winner Shiller Says Recession Risk Looks Elevated
- Yale economist says risk of a recession this year or next
- DoubleLine Capital’s Sherman says be cautious with equities
Robert Shiller
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Recession risk is real, according to Nobel laureate Robert Shiller, and one might come as soon as this year.
Whether the U.S. will experience a contraction has become one of the hottest debated topics among investors amid uncertainty surrounding U.S.-China trade talks, deteriorating earnings forecasts and slowing growth around the globe. The ambiguity caused the almost decade long rally in U.S. stocks to come within a whisker of its end in December.