Shilling: A U.S. Recession May Have Started This Quarter
https://www.financialsense.com/blog/191 ... ed-quarter
1. Excessive Debt in China and among U.S. businesses, where BBB-rated corporate debt now comprises more than half of total issues outstanding
2. Trade War Escalation
3. U.S. Consumer Retrenchment and Deflation
4. Corporate Profits
‘Don’t be fooled by the recent rebound in stocks; the investment scene is beginning to resemble the 1929 market crash and the early 1930s Great Depression.’
Gary Shilling expects a 30% crash in stocks, a recession, and a commercial real estate collapse.
The veteran forecaster has been issuing dire predictions about markets and the economy for years.
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