Top economist Gary Shilling shows you how to prosper in the slow-growing and deflationary times that lie ahead.
While many investors fear a rapid rise in inflation, author Gary Shilling, an award-winning economic forecaster, argues that the global economy is going through a long period of deleveraging and weak growth, which makes deflation far more likely and a far greater threat to investors than inflation. Shilling explains with clear language and compelling logic why the world economy will struggle for several more years and what investors can do to protect and grow their wealth in the difficult times ahead. The investment strategies that worked for last 25 years will not work in the next 10 years. Shilling advises readers to avoid broad exposure to stocks, real estate, and commodities and to focus on high-quality bonds, high-dividend stocks, and consumer staple and food stocks.
Filled with in-depth insights and practical advice, this timely guide lays out a convincing case for why investors need to be prepared for a long period of weak growth and deflation - not inflation - and what you can do to prosper in the difficult times ahead.
Download the accompanying reference guide.
©2011 A. Gary Shilling (P)2012 Audible, Inc.
"Worth a listen"
It did seem to repeat itself. I at times was a bit unsure if I accidently skipped backwards or the author was stressing a point or simply filling space.
Probably not. He mostly offered his ideas on coming deflation. The actual investing portion was small. It was interesting, but for a book that touted strategies, I think it was a bit thin on how to either look for or exploit investment opportunities. It's probably nearly one of a kind on Audible, so if you are interested in deflation, it is a must.
I prefer faster narration, but the Audible app let me set the speed to 1.5x.
No. The most interesting bit was his exchange with Milton Friedman, but the author comes off rather flat in the exchange.
This book mostly emphasized long term Bonds which increase in value as interest rates fall because their earlier issue was at higher rates.