Wednesday, July 29, 2009

Yale Economist Robert Shiller Warns of UK "Double Recession"

In the Times of London, Yale economist Robert Shiller warned the UK of the possibility of a "double recession:"

One of the world's most influential economists warns today that Britain faces the prospect of two recessions in quick succession.

Robert Shiller, Professor of Economics at Yale University, said that the recent stock market bounce should be treated with caution.

He likened the current sense of optimism to a marital row. “You don't know whether the argument with your wife is really over or not. Is the problem something that your spouse will bring up again, and again?”


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