Gary Shilling
Encyclopedia
A. Gary Shilling is an America
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

n financial
FINANCIAL
FINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. Published by Intelligence Group LLC, FINANCIAL is focused on opinion leaders and top business decision-makers; It's about world’s largest companies, investing, careers, and small business. It is...

 analyst and commentator who appears on a regular basis in publications ranging from Forbes Magazine to The New York Times
The New York Times
The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...

and The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....

. He is President of A. Gary Shilling & Co., Inc., and editor of A. Gary Shilling's Insight. A member of The Nihon Keizai Shimbun
Nihon Keizai Shimbun
is one of the largest media corporations in Japan. Nikkei specializes in publishing financial, business and industry news. Its main news publications include:* Nihon Keizai Shimbun , a leading economic newspaper....

Board of Economists, he features frequently on business shows on radio
Radio
Radio is the transmission of signals through free space by modulation of electromagnetic waves with frequencies below those of visible light. Electromagnetic radiation travels by means of oscillating electromagnetic fields that pass through the air and the vacuum of space...

 and television
Television
Television is a telecommunication medium for transmitting and receiving moving images that can be monochrome or colored, with accompanying sound...

. He is also a recognised orator, addressing conventions of global business groups like the Young Presidents' Organization
Young Presidents' Organization
The Young Presidents’ Organization is a global network of young chief executives. With approximately 18,000 members in more than 100 countries, YPO and its graduate organization, WPO share a founding mission: Better Leaders Through Education and Idea Exchange....

.

Shilling has an imposing record as a financial soothsayer. In the spring of 1969, he was one of only a few analysts who correctly envisioned the recession at year's end, and was almost a lone voice in 1973, when he forecast a monolithic international inventory-building fling, followed by the first significant recession since the Great Depression
Great Depression
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...

.

In the late 1970s, while most analysts presumed that waxing inflation would go on unabated, Shilling was the first to predict that America's infirm political climate would impede it. He also foresaw various dangerous economic readjustment problems and a shift in investment strategy from a preference for tangible assets to an increased emphasis on stocks and bonds.

In June 2011, he predicts the 20% drop in housing in 2012 will cause global recession, "no matter what action the Fed takes". With housing slumping again, Shilling says recession is coming to a town near you in 2012.
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