Shilling: “Fed action won’t make much difference”

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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4 Responses to Shilling: “Fed action won’t make much difference”

  1. William says:

    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.

  2. JW says:

    I wish I believed him in 1989. Thank you both for sharing your opinions and charts. JW Langley BC

  3. Roberta says:

    This zerohedge article seems to be saying the same thing. The comments are really good:

    The people are peeved………

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