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.
A. Gary Shilling
The Five Ways Deflation Has Already Taken Hold
Of the seven varieties of deflation, five are already at work in the U.S. economy. READ MORE
A. Gary Shilling
The Benefits of Chronic Deflation
There is an important distinction between good deflation caused by excess supply and bad deflation created by deficient... READ MORE
A. Gary Shilling
Faster Growth Could End Fed’s War on Deflation
The aggressive stimulus programs undertaken by the Federal Reserve have partly been motivated by a growing fear of... READ MORE
A. Gary Shilling
Stimulus Spending Only Delays Chronic Deflation
The huge fiscal and monetary stimulus dispensed in recent years has staved off the onset of chronic deflation. For now. READ MORE
A. Gary Shilling
Why Global Economies Face an Age of Deflation
In recent years, monetary and fiscal stimulus across the world have led to the assumption that serious inflation, if not... READ MORE
A. Gary Shilling
How Markets Could Shift to ‘Risk Off’
The huge deleveraging in private sectors in the U.S. and elsewhere, the unresolved frictions between northern and... READ MORE
A. Gary Shilling
Where to Invest While Markets Remain ‘Risk-On’
In today’s markets, investors’ zeal for yield and disregard for risk favors the junkiest of the junk. READ MORE
A. Gary Shilling
Lower Rates Push Yield Seekers to Higher Risk
In recent years, a grand disconnect has opened between economies around the world, which are growing anemically if at... READ MORE
A. Gary Shilling
Dollar Thrives in Age of Competitive Devaluations
In periods of prolonged economic pain -- notably the 2007-2009 global recession and the ensuing subpar recovery --... READ MORE
A. Gary Shilling
Why Deleveraging Still Rules Markets in 2013
I have structured my investment themes for 2013 in two ways. The first is geared toward the current “risk on” climate,... READ MORE
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