Robert Shiller and the Double Dip

During what appears to be a massive decline of interest level about the economy at the end of the Summer, Prof. Robert Shiller has made some interesting comments in the following WSJ article published today:

Constable, Simon (2010), "Economist Shiller Sees Potential for 'Double Dip Recession," The Wall Street Journal, Aug. 27.

This article is significant because I believe it is the first time that a leading economist has taken the position that a double dip recession "may be imminent."

I have a great deal of respect for Robert Shiller's opinion. Folks need to take his comments seriously.