Recent housing and employment data suggest the U.S. economy is at a tipping point where a double-dip recession is possible and home prices could have much further to fall, a veteran economist said Thursday.
Robert Shiller said the recent uptick in unemployment is not yet enough of a sign as to which way the recovery is heading. But if unemployment continues to rise in the coming months, it could suggest another recession.
“Whether we call it a double-dip or not, I think there is a risk,” Shiller told Reuters Insider in an interview.
Full story: US Home Prices Could Still Fall a Lot More: Shiller – CNBC