Posted 4/8/2024, 11:34:38 AM
Financial Guru Who Predicted 2008 Crisis Now Sees Warning Signs of Weakness in Red-Hot Labor Market
- Financial analyst Gary Shilling warns of "preliminary signs of weakness" in the US labor market
- Shilling predicts a "delayed" recession could still hit the US economy
- Shilling correctly predicted the 2007-2008 financial crisis
- The US economy has been resilient since the pandemic ended largely due to the strong labor market
- Shilling sees early signs of the labor market slowing, including slower wage gains, fewer quits, and lower service inflation
