Economist Gary Shilling Forecasts Imminent Recession and 30% Stock Market Crash
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Gary Shilling predicts stocks could fall 30% and a recession is imminent
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He believes the economy is weakening based on indicators like the yield curve
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Shilling sees corporate profits plunging 20-30%, dragging stocks down
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He is betting on Treasuries and the dollar, against stocks and commodities
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Shilling says the Fed will cut rates only later next year once weakness is clear
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He sees the commercial real estate market as the biggest bubble right now