Shiller: Recession May Hit Soon as Economy Caught in 'Liquidity Trap'

Wednesday, 27 Oct 2010 03:22 PM

By: Dan Weil

The economy is in trouble, and there’s little the Federal Reserve can do about it, says esteemed Yale economist Robert Shiller.

Economic growth slowed in both the first and second quarters, he notes in an interview with Yahoo’s Tech Ticker. “That’s not a very strong indicator, but it does suggest a recession may be coming soon,â€