Gary Shilling Makes Bold 2013 Prediction After Disastrous 2012 Call

Gary Shilling, the self styled independent economist and financial analyst, has reinforced his prediction that the US economy will fall into a new recession in 2013. He predicts that the downturn in the economy will be good for bonds, but very bad for stocks. There are a few things about Gary Shilling that one should be familiar with before taking his advice. First of all, he’s been predicting a large fall in equity pricessince at least last April. Back then, in an interview with Bloomberg TV, Shilling foresaw a 2012 drop of 43% in the S&P 500 (S&P Indices:.INX). Since…