Nobel Prize-winning economist Robert Shiller believes there is less than a 50% chance of a US recession next year, defying investors who have taken their most bearish stance since March 2016. The Yale professor told Financial News a recession would arrive “eventually”, but he could not say with a high degree of certainty it would begin in 2020. “Whether it’s coming next year, I can’t be sure,” he said. The spectre of a slowing US economy, particularly in light of the continuing trade dispute with China and the application of tariffs on both sides, has loomed large in recent months. In July, the US Federal Reserve cut ... (full story)