The Age of Deleveraging : Investment Strategies for a Decade of Slow Growth and Deflation

While many investors fear a rapid rise in inflation, author A. Gary Shilling, an award-winning economic forecaster, argues that the global economy is going through a long period of deleveraging and weak growth—which makes deflation far more likely and a far greater threat to investors than inflation. In The Age of Deleveraging, Shilling explains in clear terms why the United States and world economy will struggle for several more years and what you can do to protect and grow your wealth in the difficult times ahead. Opening with an informative look at Shilling's incredible forecasting track record—including the recent housing and financial bubbles—as well as his philosophy behind forecasting and analyzing the economy and financial markets, The Age of Deleveraging moves on to discuss his outlook for slow growth and deflation in the next decade, and how you can cope with it. The fact is, investment strategies that have worked for the last twenty-five years will not work in the next ten. Nobody understands this better than Shilling, and with The Age of Deleveraging, he offers expert advice on what it will take for investors to navigate such treacherous terrain, including avoiding commercial real estate and commodities and focusing on high-quality bonds, consumer staple and food stocks, and investments related to North American energy sources. Along the way, Shilling also: Examines the effects of increased government regulation and involvement in the economy as well as six other factors that will hamper economic growth in the next decade Outlines various strategies for investing in appropriate sectors and avoiding others Provides a practical perspective of how stocks will fare in the long run And much more Filled with in-depth insights and detailed advice, this timely guide lays out a convincing case for why investors need to be prepared for a long period of weak growth and deflation—not inflation—and what you can do to prosper during this time.