Yale's Robert Shiller on the Liquidity Trap, Home Price Index (Buttonwood Gathering)

Yale Professor and co-creator of the S&P Case Shiller Home Price Index was on Tech Ticker (w/ Aaron Taks) outside the Buttonwood Conference. He said if home prices go down another 5% that would put stress on financial institutions going forward. Shiller also mentioned the liquidity trap, or the lack of confidence to borrow money even at extremely low interest rates. Watch the vid after the jump.

Source: Tech Ticker (Yahoo Finance)