A. Gary Shilling

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Rising Inventories Are A Bearish Indicator

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Economy-crushing inventory cycles are nothing new.

Social Security’s Funding Crisis Has Arrived

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Net inflows were forecast to turn negative next year even without the pandemic, and the U.S. Treasury may have to step in.

Stock Traders Should Heed The Lessons Of The 1930s

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The economic outlook is not unlike the Great Depression years, and that didn’t turn out well for equities.

Zero Real Yields Are Tripping Up Investors

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Many are still far from recognizing and adapting to the new reality.

Millennials Should Be Happy They Are Stuck Renting

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They complain about being stuck renting, but history shows that makes more sense than owning.

A Strong U.S. Consumer Won't Prevent A Recession

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Falling interest rates are likely to deter spending and boost savings rates, further weighing on growth.

Ultra-Low Rates Are No Reason To Pay Up For Stocks

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Current bond yields foretell economic weakness that will dramatically slash corporate earnings.

Those U.S. Jobs Revisions Are Hard To Ignore

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The way payroll growth has been trending, the economy may be on the cusp of a recession, if not already in one.

High Tax States Are A Sign Of Inefficiency

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It’s the government equivalent of a private sector firm raising prices when its products are already overpriced.

A Recession Is Coming, And Maybe a Bear Market, Too

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History shows that equities normally drop about 21 percent when the economy contracts.

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