Gary Shilling has fingered ‘deflation’ has a global malady. The problem is that he doesn’t know what deflation is. Shilling runs the New Jersey-based economic consulting firm the bears his name , A. Gary Shilling & Company, and he is the author of The Age. A. Gary Shilling is president of A. Gary Shilling & Co., a New Jersey Investment Strategies for a Decade of Slow Growth and Deflation.” Some.

Author: Kazrakinos Dougul
Country: Netherlands
Language: English (Spanish)
Genre: Politics
Published (Last): 16 October 2013
Pages: 476
PDF File Size: 14.7 Mb
ePub File Size: 1.33 Mb
ISBN: 841-4-41067-820-1
Downloads: 18639
Price: Free* [*Free Regsitration Required]
Uploader: Malam

How much longer do you expect the age of deleveraging to continue? Shilling is well known for his forecasting record.

INSIGHT — A. Gary Shilling & Co., Inc.

His fourth book, Deflation: Recognized as an effective and dynamic speaker, he often addresses national and international meetings of various business groups, including the Young Presidents Organization. If you simply look at the rate in which the deleveraging has taken place so far, it could actually take another 6 or 8 years. Twice, a poll of financial institutions conducted by Institutional Investor magazine ranked Dr.

They seemed to increase rates 25 basis points-a quarter of a silling December I think because they’ve been crying wolf so long their credibility was disappearing.

Shilling: World Facing High Probability Of Panic Deflation | Seeking Alpha

Earlier, as a high school senior, he ranked 12th in the nation in the Westinghouse Science Talent Search. Here is an abbreviated version of his recent interview with Financial Sense, which aired Friday on our podcast. And the third interesting factor is Treasury yields, as low as they are, are much higher than those of almost every other developed country. They thought they could outlast others and when you’re in a price war, the cost of meeting budgets deflatlon the number that counts Foreigners, when times are tough, go to Treasuries Now that’s just putting a ruler on trend.

He is also an avid beekeeper.

So, for European investors, they basically can invest shillihg Treasuries and pick deflayion a yield spread and if the dollar rallies, as I think it will, they get a double whammy because they get more yen or more euros when they convert that back into their own currency. He also was an informal economic advisor to former President George H. Shilling has published numerous articles on the business outlook and techniques of economic analysis and forecasting, and he serves as Associate Editor shjlling Business Economics, the journal of the National Association of Business Economics.


How to survive and thrive in the coming wave of deflation, which was translated for readers in China. Shilling does not yet manage any mutual funds, but CNBC anchor Bill Griffeth was so impressed with his investment approach that he profiled him along with 19 well-known mutual fund managers in his book, The Mutual Fund Masters Probus Publishing, Investment strategies for a decade of slow growth and deflation. I mean if you go back a couple of months they in effect said they were going to raise rates four times this year and now it looks like they may raise once or maybe not at all In the late s, when most thought that raging inflation would last forever, he was the first to predict that the changing political hary of the country would lead to an end of severe inflation, as well as to potentially serious financial and economic readjustment problems, and a shift in investment strategy from one favoring tangible assets to an emphasis on stocks and bonds.

You look now and Germany is negative; Japan, they’re negative. Inhe stood almost alone in forecasting that the world was entering reflation massive inventory-building spree to be gar by the first major worldwide recession since the s.

Well, the Saudis-the leader of the OPEC cartel-decided that they were defoation going to go along with that and that they were going to basically encourage OPEC to not increase production-not to cut-and to play a game of chicken.

They’ve been talking about a stronger economy Cartels deflaiton to keep prices above equilibrium-that’s the only reason for that-and that encourages cheating; somebody garu or out of the cartel wants more than their share and so the leader of the cartel’s job is to cut its own production to accommodate the cheaters. Yeah, I’ve been on record-I said in our Insight newsletter early in the year that I thought the next move of the Fed would be to cut rates not to increase them.


But now they look around, labor markets are certainly weak.

He appears frequently on radio and shililng business shows. InMcGraw-Hill published Deflation: And inMoneySense ranked him as the 3rd best stock market forecaster, right behind Warren Buffett. A frequent contributor to the financial press, he is a regular columnist for Forbes magazine and his articles appear in other leading financial publications.

One is that Treasuries have a tremendous safe-haven appeal. His first book, Is Inflation Ending? Shilling is the President of A. In the spring ofhe was among the few who correctly saw that a recession would start late in the year. Do you still believe that and what will be the driver? I certainly do and there are several factors.

The second factor is that we have virtually no inflation and a high probability of panic deflation by my assessment. He is also the creator of The Deflation Game, a board game that illustrates and reinforces his long-term forecast that deflation is a greater threat than a return to high inflation.

Where do you think rates are headed-higher or, given how things are playing out currently, lower to try and ease financial conditions?

A. Gary Shilling & Co., Inc.

Before establishing his own firm inDr. To listen to this full minute podcast with Gary Shilling, renowned economist and author of The Age of Deleveraging, please log in and click here. Half of Federal Reserve board members are forecasting only one rate hike this year now when most thought sjilling would see four rate hikes in Yes, definitely, and the reason is because OPEC is a cartel.