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A Gary Shilling

A. Gary Shilling, a Bloomberg View columnist, is president of A. Gary Shilling & Co., a consultancy in Springfield, New Jersey. He is the author of “The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation.”

Shilling earned his master’s degree and doctorate in economics at Stanford University. While on the West Coast, he served on the staffs of the Federal Reserve Bank of San Francisco and the Bank of America. Before establishing his own firm in 1978, Shilling was senior vice president and Chief Economist of White, Weld & Co. Earlier, he set up the Economics Department at Merrill Lynch, Pierce, Fenner & Smith at age 29, and served as the firm’s first chief economist.

He has been cited repeatedly by The Wall Street Journal as one of the top bond-market analysts and stock forecasters. Twice, a poll of financial institutions conducted by Institutional Investor magazine ranked Shilling as Wall Street’s top economist. Futures magazine also ranked him the country’s number one Commodity Trading Advisor. And in 2003, MoneySense ranked him as the third best stock market forecaster, behind Warren Buffett.

Beyond the bright prospects for the return to rapid U.S. economic growth and the resulting decline in federal debt as a... READ MORE

There is merit to some of the arguments for continued weak U.S. economic growth in the near- term, though the pessimism... READ MORE

We are now about five years into the deleveraging, and the related slow global growth, that followed the 2008 financial... READ MORE

The outlook for the labor market remains bleak. Older Americans are holding on to their jobs longer, limiting openings... READ MORE

The U.S. unemployment and underemployment picture isn’t as extreme as the statistics I discussed yesterday would... READ MORE

The Federal Reserve has a dual mandate to promote price stability and ensure full employment. It has yet to achieve... READ MORE

Here’s how I opened my Bloomberg View column in January: “I have structured my investment themes for 2013 in two ways.... READ MORE

Of the seven varieties of deflation, five are already at work in the U.S. economy. READ MORE

There is an important distinction between good deflation caused by excess supply and bad deflation created by deficient... READ MORE

The aggressive stimulus programs undertaken by the Federal Reserve have partly been motivated by a growing fear of... READ MORE

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