There’s a 50% chance recession will hit in 2020, economist says

The threat of a recession has been a prominent discussion in the media over the past few months.

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Economist and “Narrative Economics” author Robert Shiller is predicting a coin-flip as to whether a recession is on the horizon.

“There will be another recession,” Shiller said on FOX Business’ "Cavuto: Coast to Coast." “I give it a 50% chance in 2020. We're on a tipping point now.”

Shiller also addressed how the most recent and largest stories are set to affect the U.S. and global economies.

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“Economic narratives affect economic behavior.” 

- Robert Shiller, Economist and 'Narrative Economics' author

But aside from discussing today’s stories, Shiller talked about the booming housing market and if there's economic optimism there.

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Home prices are still going up, and they're starting to fade,” Shiller said. “But it reminds me uncomfortably of 2005 when we were in the same circumstance — home prices were going up and the talk was changing. But I don't see that talk is as focused on real estate as it was in 2005.”