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A Little Chronic Deflation

Though I may disagree with the terminology Gary Shilling uses to describe various categorical increases and decreases in price, I do agree with the general direction Gary suggests many parts of our economy are headed. Gary is one of the very, very few major economists calling for pervasive deflation. He is one of the few economists who correctly predicted 10-year and 30-year bonds would have arrived at such low yield levels--and this he did in the face of very vocal disagreement with the majority of his colleagues.

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Written By: Joshua Ungerecht
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