The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation

While many investors fear a rapid rise in inflation, Gary Shilling argues they should be really preparing for the opposite: an extended period of falling prices. A top economist with a superb forecasting record, Shilling asserts that slow global growth; increased consumer spending; and efficiencies created by technology will lead to falling prices throughout the economy in the years ahead. As a result, many investments will suffer, including real estate, commodities, and most stocks. In The...