Shiller: Second Recession Possible, Triggered by Weak Housing

Wednesday, 29 Dec 2010 02:14 PM
By Greg Brown

The housing economist who predicted the massive housing crash sees a down year ahead and, worse, believes that renewed housing problems could trigger a second recession.

“It’s not entirely clear that this is a double-dip in housing, but it’s starting to look like housing is beginning to resume the downtrend from 2006 to 2009,â€