You need to be logged in to view this video
The Fed's pause witnesses its concern over growing economic weakness. As usual, the central bank has probably over-tightened monetary policy, leading to a recession this year. With no major financial crisis in the offing, however, the business downturn will likely be moderate with the US stock market falling not much below last December's low. A soft landing, on the other hand, would postpone the recession until 2020.
A. Gary Shilling, PhD, is an economic consultant and investment adviser, as well as a long-time columnist for Forbes magazine. He is president of A. Gary Shilling & Co., Inc., an investment adviser, and publishes A. Gary Shilling's INSIGHT, a monthly report of economic forecasts and investment strategy. Dr. Shilling is a columnist for Bloomberg View online. He has authored eight books, his newest and best-selling is The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation.
Filter By Category
Filter By Keywords