Double-Dip Recession Probability Is More Than 50 Percent, Says Yale's Shiller

Double-Dip Recession: 'Probability Is More Than 50 Percent,' Says Shiller

(Reuters) - The state of the economy is worrisome and there is a high possibility of a double-dip recession, one of the property market's most well-known economists said on Tuesday.

Robert Shiller, professor of economics at Yale University and co-developer of Standard and Poor's S&P/Case-Shiller home price indexes, told Reuters Insider he does not know where home prices may be headed, but believes the economy may be on a precarious path.

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