Legendary Forecaster Gary Shilling Warns of High Risk of Imminent Stock Market Crash Triggering Recession
• Stocks are very overpriced currently relative to earnings and bonds, warns legendary forecaster Gary Shilling
• Shilling sees high risk of 20-30% stock market crash, potentially triggering recession
• Economy showing cracks - consumer weakness, housing cooldown, hawkish Fed policy
• Odds of recession in next few months seem “very much in favor”
• Shilling still backs US dollar as global reserve currency despite de-dollarization fears