Will U.S. Avoid a Recession in 2012? (Part 4): Shilling

I have explained why I believe there may be a U.S. recession this year, spurred by renewed consumer retrenchment amid further declines in house prices, stagnant incomes and uncertain job prospects. So why are investors continuing to show such an appetite for equities?

To continue reading this article you must be a Bloomberg Professional Service Subscriber.