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Economist Gary Shilling Reiterates Recession and Stock Market Plunge Forecast
Top economist Gary Shilling continues to forecast a recession and a significant stock market decline by year-end, emphasizing that a downturn is almost inevitable as consumer spending is expected to decrease.
2 May, 09:20 — 2 May, 09:20
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Low (19/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 1/5 buckets covered0/33
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Business InsiderMostly Factual99d ago
Top economist Gary Shilling says a recession and a deep stock-market plunge are likely by year-end
Bloomberg/Getty Images Gary Shilling is predicting a recession and a steeep stock plunge by year's end. The top economist said a downturn was almost inevitable, as consumer spending is likely to decline. He sees the S&P 500 dropping as much as 30% as stocks get punished for inflated valuations. Gary Shilling thinks there's almost nothing that can stop a US recession this year. The legendary economist and Merrill Lynch alum laid out a grim outlook for markets and the economy in an interview...
Read full article →YahooMostly Factual99d ago
Top economist Gary Shilling says a recession and a deep stock-market plunge are likely by year-end
Read full article →Coverage Timeline
First report: Business Insider · 2 May, 09:20|Full coverage: 2 · 0m|Window: 0m
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