Nobel-winning economist says forget yield curves— this may be what really fuels a recession

From cnbc.com

You’ve probably heard a lot about the looming market recession over the past week. But at least one notable economist says public panic, rather than an inverted yield curve, may be the real indicator of the next market downturn. Market watchers have been trumpeting the likelihood of a recession after the yield on the benchmark 10-year Treasury note briefly dipped below that of the 2-year U.S. note — twice in just one week. Some experts consider this to be a fairly good indicator of recessions, but Robert Shiller, the Nobel-prize winning economist and Yale professor, says he’s not convinced it will hold true ... (full story)