A. Gary Shilling, president of A. Gary Shilling & Co. talks about the global economy, the U.S. housing market and Federal Reserve policy. Here is a direct link.
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A. Gary Shilling, president of A. Gary Shilling & Co. talks about the global economy, the U.S. housing market and Federal Reserve policy. Here is a direct link.
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http://finance.yahoo.com/blogs/daily-ticker/college-degree-doesn-t-guarantee-good-job-gary-121730106.html
This video confirms that Shilling is still a “Soft core Deflationista”. He doesn’t consider that US interest rates could go MUCH, MUCH higher. A small rise in interest rates would ratchet up interest payments for the US government dramatically. And that would trigger a MASSIVE ROUT out of T-bonds.
Never read Robert Prechter’s “Conquer the Crash” ? Prechter calls Shilling a “Soft Deflation” economist.
I wish I believed him in 1989. Thank you both for sharing your opinions and charts. JW Langley BC
This zerohedge article seems to be saying the same thing. The comments are really good:
http://www.zerohedge.com/news/its-centrally-planned-world-after-all-ever-diminishing-returns
The people are peeved………