Gary Shilling: Stock Bearish

Sunday, December 21, 2008 | posted by RedApple
, | with 0 comments »

Gary Shilling just gave an interview to Yahoo Finance. He is extremely bearish about the stock market and is looking for another 30% drop. He favors treasury and USD. It is good to read the opposite view to ours especially from such a reputable economist. However, our thesis is based on the 2nd phase of economic downfall where foreigners will question the integrity of USD Dollar and therefore sell their Treasury holdings. The legitimacy of fiat money will ultimately support the Gold rally.

Yahoo Finance - Get Ready to Scrimp and Save, Says Economist Shilling - Dec 19 2008