 |
Bloomberg interviewed Gary Shilling this week who continues to forecast a fairly dire economic future.
Shilling said there’s nothing else except consumers that can really hike the U.S. economy. Consumers have been on a mini-spending spree, while incomes have not kept up.
{ 0 comments }
Henry Blodgett interviewed Gary Shilling a few days ago to get his insight into the Japanese economy. Shilling, of A. Gary Shilling & Company, is the author of The Age of Deleveraging, Updated Edition: Investment Strategies for a Decade of Slow Growth and Deflation
Blodgett began the interview stating that for the last decade or so, economists have been predicting problems for Japan as its huge borrowing costs causes it to implode, but it has yet to happen. Blodgett mentioned that the Japanese Yen has been weakening recently and asked Shilling if this indicated the end was near.
{ 0 comments }
In the latest Forbes magazine Gary Shilling believes conditions are still supportive of falling interest rates, and therefore, rising prices for bonds. He predicts a total return of 10% for 30-year Treasuries in 2012.
According to Shilling he was calling for the bond rally of a lifetime back in 1981. Then yields were above a stunning 15% and he predicted they would eventually fall to 3%. For properly positioned investors the returns were remarkable:
{ 0 comments }
Sara Eisen on Bloomberg’s Inside Track interviewed Gary Shilling regarding his insight into what will occur next year.
Shilling commented first on the political risks in North Korea and Iraq. He also mentioned the stability of the large economies including China and Japan. Shilling also doesn’t expect any major-scale “Occupy” movements in the coming year.
However, Shilling believes Europe is already in a recession, which will become severe, and that there will be a global recession.
{ 0 comments }
Gary Shilling, president of A. Gary Shilling & Co., has been prescient in his forecast for the bond market this year. He was on Bloomberg this morning and reiterated his call for a 3 percent yield on long U. S. Treasury bonds (currently around 3.6%). He considers Treasuries the safest place to put money saying, “we’re the best of a bad lot.” Shilling commented on what could trigger a recession.
{ 0 comments }
Gary Shilling may be right about an oncoming recession. He’s been saying it for awhile now. Shilling figures the odds are greater than 50/50 that we’ll see an economic downturn within 12 months. Jonathan Burton at Marketwatch reports on the five moves Shilling believes investors should make now.
{ 0 comments }
