Economist Gary Shilling says we’re still headed for a recession this year despite the market’s recent bullish behavior, the Globe and Mail reports.
“Despite the recent euphoria of investors over U.S. stocks, we believe the economy is likely to weaken as the year progresses, led by renewed consumer retrenchment,” Shilling wrote in a note to investors.
Shilling points to a number of unusual indicators that suggest the U.S. economy may be weaker than most people believe. For example…
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