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  • Robert Shiller: Recession Likely Years Away Due To Bullish Trump effect

    10/20/2019 4:56:40 PM PDT · by Kenny Bania · 17 replies
    CNBC ^ | October 20, 2019 | Stephanie Landsman
    Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market. According to the Yale University professor, President Donald Trump is creating an environment that’s conducive to strong consumer spending, and it’s a major force that should hold off a recession. Before the markets can take-off, Shiller stresses President Trump needs to get past the impeachment inquiry. He sees this as the biggest threat to his optimistic forecast. Yet, he’s sticking with the idea that the economy and markets should have a lot of runway left for gains if President...