Nobel laureate economist Robert Shiller puts the odds of a US recession at 50% due in part to a self-fulfilling prophecy as everyone worries about a downturn

Robert Shiller said there is a good chance the US economy will go into a recession.

He said that the fear could lead to reality.

He thinks there is a 50% chance of a recession within the next two years.

He was the author of the book "Narrative Economics: How Stories Go Viral and Drive Major Economic Events" after he predicted that the housing bubble would burst.

The Fed's continued rate hikes could lead to a rush of home purchases before borrowing costs go even higher.

He said that the idea that we're in a housing bubble is coming back.

The US is undergoing "post-traumatic stress disorder" from the Pandemic and that could cause Americans to fulfill their own recession prophecy.

Inflation is what people are reminded of constantly, and has the largest impact on their beliefs, according to an economist.

Everyone is affected by inflation, he said. Inflation makes them angry when they go to the store.