Gary Shilling Believes Recession Imminent

By on July 17, 2008

In this article, http://moneynews.newsmax.com/streettalk/recession/2008/07/16/113392.html Gary Shilling says he believes the U. S. is headed for the worst recession since WWII. Shilling has been accurate so far in predicting the current economic slowdown. Shilling also believes that housing prices will fall 25% leading to negative 2% GDP growth. The article is very interesting reading regarding someone who has been much more accurate than the mainstream talking heads.

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