SHILLING: WE’RE IN A WORLD OF “CHRONIC DEFLATION”

Few people have nailed the deflationary environment as well as Gary Shilling. Shilling was one of the few people who foresaw the housing crisis and the equity market catastrophe in 2008 and although he remained bearish in 2009 he has been largely correct with regards to the macro picture. He believes we’re in for a prolonged bout with deflation and says Obama’s economic policies are only making matters worse.

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Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.

He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.