Gary Shilling's economic predictions: Some right calls, but persistent pessimism yet to fully materialize
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Correctly predicted in March 2020 that stocks would keep falling, but wrongly dismissed inflation threat a year later
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Cautions on stocks and economy have missed mark for over a year; said in Nov 2020 recession would stretch into 2021
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Warned in early 2021 of speculation bubble and disconnect between stocks and economy, but S&P 500 surged 25%+ that year
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Persistently predicted economic weakness when economy kept growing; said in Sept 2022 housing would collapse though prices near records
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Called bottom wrong in Oct 2022; said Fed would hike rates till recession, but economy has avoided recession so far