Gary Shilling's Bearish Outlook on Energy and Commodities

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week in our Masters in Business interview, we speak with economist Gary Shilling, author of "The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation."

Shilling has been forecasting low energy and commodities prices and lower rates for some time. He still believes the bull market in bonds isn't over yet. In the 1960s, Shilling, who also is a contributor to Bloomberg View, helped to create the economics department at Merrill Lynch. At the time, securities firms that focused on equities felt little need for staff economists, who mostly worked at the bond houses.

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