The Age of Deleveraging

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Top economist Gary Shilling reveals how to thrive in the slow-growing, deflationary times ahead. While many investors worry about rising inflation, Shilling argues that the global economy is entering a prolonged period of de-leveraging and weak growth, making deflation a more significant threat. He articulates, in clear terms, why the world economy will face challenges for several years and how investors can safeguard and grow their wealth during these tough times. The investment strategies that have been effective over the past 25 years will not be suitable for the next decade. Shilling recommends avoiding broad exposure to stocks, real estate, and commodities, instead focusing on high-quality bonds, high-dividend stocks, and consumer staples. As a highly regarded forecaster, recognized as Wall Street's top economist by Institutional Investor, he provides clear guidance on what to invest in, what to avoid, and how to navigate a deflationary, slow-growth economy. His insights and practical advice make a compelling case for preparing for an extended period of weak growth and deflation, offering strategies to prosper despite the challenges ahead.