Globeand Mail.com - "U.S. real estate crash could cause global ripples" (9-21-06)

"There is a serious risk of worldwide recession coming up in the next couple of years because of the turning of the real estate market," said Mr. Shiller, speaking at the annual congress of the International Union for Housing Finance (IUHF) in Vancouver.

"And housing finance people should be thinking creatively now about what to do about this," Mr. Shiller added.