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Gary Shilling on 'The Age of Deleveraging' [Video]

by Nikhil Hutheesing Nov 26th 2010 6:00AM
Economist Gary Shilling, who correctly predicted the financial collapse, just released a new book, The Age of Deleveraging - Investment Strategies for a Decade of Slow Growth and Deflation. In it Shilling explains why inflation isn't what investors should be fearing, but rather deflation. He also explains why he thinks the U.S. economy is in for a period of slow growth, talks about his outlook for stocks -- and provides recommendations on 10 investments investors should now make.

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47 Comments

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dmlgal1

I hate the adds - AOL is gettig bad

November 28 2010 at 7:07 AM Report abuse rate up rate down Reply
Robert & Lisa

The thieving Demoncrat parasites are going to kill us, just like the parasites on and in an animal when left unchecked destroy the animal and as a result, themselves.

November 27 2010 at 11:15 AM Report abuse +1 rate up rate down Reply
Robert & Lisa

All you Demoncrats out there who champion taking from us producers and giving to you lazy bums. What happens when you squeeze us so much, we can't make a profit? Thanks Obama and you thugs.

November 27 2010 at 11:13 AM Report abuse +1 rate up rate down Reply
Robert & Lisa

The most deflation is in our wages. Get ready for a huge decrease in your standard of living. Thanks George Soros's puppets, Obama and thugs.

November 27 2010 at 11:11 AM Report abuse +1 rate up rate down Reply
adftd

This is one of the major fears we have had at "A Hollywood Republican." Deflation is a disaster waiting to happen. In fact, we are already in a deflationary spiral. How else can you explain the fact that the Fed is printing so much Fiat Money and we don't have hyper-inflation. This is a topic we cover in our blogs regularly at: www.hollywoodrepublican.net

November 27 2010 at 5:08 AM Report abuse -2 rate up rate down Reply
1 reply to adftd's comment
Robert & Lisa

Inflation is where prices of products rise. That is what is happening now to anything of real value. Exceptions are housing where the Government got involved and screwed it up.

November 27 2010 at 11:07 AM Report abuse +1 rate up rate down Reply
drbuckles

Why did your Saint Reagan TRIPLE the national debt from $1 to $3 Trillion? Why did Reagan preside over the largest tax decrease in 1981 and then and then turn around in 1982 initiate the largest tax increase in US history, of which two-thirds was an increase in business taxes. Why did Bush Sr. almost double the natl debt to $5 trillion? Why did Bush Jr. Double the natl debt to $11 trillion? Why did Reagan give amnesty to 4 million illegal’s? Why did the Republicans pass the Medicare Part D Pharma giveaway in 2003 that will cost more than the Bank Bailout, Obama's Stimulus and ObamaCare--- COMBINED!? AND: Why do so few Right-wingers know these facts about Reagan and the GOP leadership and why does the media never mention them? "Why do Red Conservative states use MORE money from the Feds than they pay in; while Liberal Blue states pay more in taxes than they get from the feds." "Why was the GDP 4 times higher,( with half the unemployment), in the 1950's with a 92% top tax rate, than it is now with a 35% top tax rate?" or "Why was the middle class growing so fast in the 1950's with a top tax rate of 92%, when it is shrinking today with a 35% top tax rate on the rich? "

November 26 2010 at 11:54 PM Report abuse rate up rate down Reply
1 reply to drbuckles's comment
Robert & Lisa

Why you ask? Because the Demoncrats in Congress kept overspending.

November 27 2010 at 11:08 AM Report abuse +1 rate up rate down Reply
drbuckles

The government has turned into a sham in bead with corporate America. They stopped enforcing the antitrust laws and allowed duopolies to form in all sectors of the economy. But they continue the drum beat of taxes because it seems to sell tickets to the political show because the American public is easy to pull the pull wool over their eyes. Moreover, the corporate paid for economists on TV are not telling the whole story behind the middle class melt down becasue they have no character with little incentive to do so. The right wing has numerous paid for think tanks like the CATO institute and the big supporter of off shoring, the US Chamber of Communist, who only are interested in the multinational corporations and not the Americas economy or its working class. They think shipping jobs out of the country is good for America and are happy that it creates job shortages and lower incomes. That's good for investors and the CEOs.

November 26 2010 at 11:37 PM Report abuse rate up rate down Reply
1 reply to drbuckles's comment
Robert & Lisa

And the biggest offenders in government are the Demoncrats led by George Soros's puppets, Obama and thugs.

November 27 2010 at 11:09 AM Report abuse rate up rate down Reply
Peter

When the jobs went overseas and "productivity" meant cutting jobs and increasing workloads, and replacement by software systems, the Government didnot follow suit. In fact, patronage jobs at hugh salaries and pensions are still in effect. In stead of telling the taxpayer to downsize their expectations, the Government would do well to downsize and be accountable for more than a smile and jaunty slogan.

November 26 2010 at 3:36 PM Report abuse rate up rate down Reply
jlf0425

If Shilling is correct re deflation, and I suspect he is on the mark with evidence pointing to businesses not spending on new employees, families struggling to pay down their debts and yields on bonds relatively low resulting from runs to apparent safety as well as gold rising appreciably. The sad part is that as businesses will further outsource to low labor cost nations in order to maintain their margins thus putting further pressure on Americans who would really like a job. There is some temporary inflation in commodities but this should decline provided the fed does not overdo on QE2 or do another QE3. We cannot have 15 million people jobless in this country very much longer and it is clear to me that unless the Republicans in congress soon recognize this fact, then they will have a very brief 24 months reign. Many heads are better than one.

November 26 2010 at 2:34 PM Report abuse rate up rate down Reply
Janusz Peciak

Economist Gary Shilling: This economist Gary Shiling should learn that deflation mean lower price.In US we have inflation not deflation.Prices are going up everywhere. Why he sell to the people all this propaganda.Is he really things that American people are so stupid?

November 23 2010 at 9:13 AM Report abuse +1 rate up rate down Reply