Robert Shiller puts the odds for a double dip recession at greater than 50%; so he is worried that we are headed back down again. I missed Robert Shiller’s Big Interview with the Wall Street Journal last month so I am posting it now.
Here he is talking to the Wall Street Journal’s Simon Constable about what policy makers can do to deal with the economy. He suggests that policy makers focus on jobs and not on either stimulus or deficits. The whole thing runs about 20 minutes. Enjoy.