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Financial badyst Gary Shilling badyzes key risks for the US economy, including emerging market debt contagion, Fed rate hikes, and potential shocks that could lead to stock price declines.
Gary Shilling made a career in economics. predict the bubbles. So what are the big risks he sees in the global economy right now?
This is not necessarily a major shock that could immediately drive the US into a recession, he says; he is worried about emerging market debt.
He also explains that when the Federal Reserve raises interest rates, it generally harms the economy. This is one of the reasons why it is out of stock at the present time.
He is also a short bitcoin, which he calls "a kind of big ponzi scheme.
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Why could the Fed provoke the next recession: Gary Shilling
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