Gary Shilling, a veteran forecaster, predicts a 30% stock crash, a recession, and a commercial real estate collapse. He recently warned the S&P 500 of an impending 30% drop, suggesting a recession is imminent and commercial real estate is a bubble about to burst.
Shilling, who was Merrill Lynch’s first chief economist before founding his own firm in 1978, has accurately predicted some events, such as the 2020 stock market crash, but missed others, including the threat of inflation.
Here are Shilling’s 14 best posts since the pandemic. However, most of his predictions have been off the mark, with the US economy growing contrary to his warnings.
His forecast, Shilling believes, will lead to an economic downturn. He has been wrong in most instances as stocks and the economy have continued to grow.
I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years.