Gary Shilling, former Merrill Lynch Chief Economist and President of A. Gary Shilling & Company, says there is a “grand disconnect” between the robust stock market and the economic reality. His advice? Short stocks, buy treasuries and hold cash. Shilling also discussed the debt ceiling and the problem of gold with Pamela Ritchie and Paul Bagnell on The Street. Here is a direct video link to part 2 and here to Part 1.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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