Gary Shilling Predicts the Consumer Savings Rate Will Grow Substantially Over the Next 10 Years
Gary Shilling said countries that rely on U. S. consumer spending such as China and Japan will be hurt by the new frugality. Shilling also feels that the financial gimicry that has marked the last 15 years will revert back to old-fashioned lending.
Shilling worries about protectionist leanings and predicts GDP will grow at an anemic 2% rate over the next decade. However, Shilling indicated there would be no shortage of innovation and said there will be a “good” deflation as a result.
Source:
Related Posts
-
AT&T and BT Group Added to the SMA PortfolioWeakness in the telecom sector, along with rising interest...
- May 18, 2018
-
Mary Ann Bartels Explains The Thesis of the Secular BullMary Ann Bartels, CIO at Bank of America -...
- January 7, 2018
-
Jeff Saut Bullish on Prospects for Stocks in 2018Jeff Saut, chief investment strategist at Raymond James, was...
- December 30, 2017
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Gary Shilling’s Favorite Investment: 30 Year Treasuries
Larry Kudlow interviewed Gary Shilling last week. Shilling continues...
- June 23, 2011
