Excessive leverage 2005-2015 brought forward years of what would have been future demand and booked it as sales in the present, now the future has arrived and the world economy is slumping into the demand pothole this behavior left for us. While many so called experts are surprised, no one should be. We have earned an equal and opposite mean reversion period.
Gary Shilling, president at A. Gary Shilling, and Alberto Gallo, portfolio manager and head of micro strategies at Algebris Investments, discuss areas of rising inflation, the prospect of a Federal Reserve rate cut and the lack of ammunition for the Fed to combat a slowing economy. Here is a direct video link.
Alberto Gallo, portfolio manager and head of micro strategies at Algebris Investments, and Gary Shilling, president at A. Gary Shilling, join Bloomberg’s Michael McKee to examine liquidity warning signs in global markets and the economic impact of globalization. Here is a direct video link.
;
