Prof. Jeremy Siegel and Prof. Robert Shiller both spoke on CNBC today on whether or not we were headed for a double dip recession. Siegel doesn’t see a chance of one, while Shiller is worried about global confidence levels cracking and crushing the recovery.
- 0:20 Siegel: There is no chance of a double dip recession and the numbers show it
- 1:30 Shiller: He’s concerned about a double dip, because confidence has been impacted worldwide
- 3:00 Shiller: Global economy could be hit by collapse in confidence, and that is what will lead to the next downturn
- 3:45 Siegel: Confidence may be down, but spending isn’t showing this problem, particularly in emerging economies
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