Why The U.S. Economy May Have A ‘Delayed’ Recession: Gary Shilling
CNBC・2 minutes read
Gary Shilling discusses the current economic risks of overenthusiasm in a strong economy, highlighting concerns about high prices and potential future layoffs, particularly in vulnerable industries like the service sector. He recommends investing in the dollar, treasury bonds, and short commodities while cautioning about the impact of AI and ongoing wars on global economics, with differing philosophies in the 2024 election expected to influence the economy's trajectory.
Insights
- Businesses are hesitant to lay off employees due to past labor shortages, delaying a potential recession despite signs of weakness in the labor market.
- Gary Shilling advises investments in the dollar, treasury bonds, and short commodities like copper, while expressing caution towards AI's transformative potential and the limited impact of ongoing wars on global economics.
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What economic factors are impacting companies?
The economic climate and overenthusiasm are affecting companies.
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