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

Written by A. Gary Shilling

Narrated by Paul Michael Garcia

While many investors fear a rapid rise in inflation, Gary Shilling argues they should be really preparing for the opposite: an extended period of falling prices.  A top economist with a superb forecasting record, Shilling asserts that slow global growth; increased consumer spending; and efficiencies created by technology will lead to falling prices throughout the economy in the years ahead.  As a result, many investments will suffer, including real estate, commodities, and most stocks.  In The Deflation Beating Portfolio, Shilling says that investors should invest in Treasury bonds, utilities, consumer staples, and some dividend paying stocks.  And investors should avoid commodity, automotive, and consumer durable stocks; precious metals; and real estate.  The book will provide an overview of the U.S. economy since the 1960s juxtaposed against Shillings forecasts demonstrating that Shilling has been generally right about major economic trends since he began forecasting in the early 1980s.  Shilling then will lay out a convincing case why investors need to be prepared for deflation not inflation in the years ahead.

• Language: English
• Publisher: Ascent Audio
• Release date: Jul 20, 2020
• ISBN: 9781663706959

Reviews for The Age of Deleveraging

[condensate_1 · Rating: 3 out of 5 stars]

I've been a fan of A. Gary Shilling's for some time. I share many of his views of the way the economic world works. I particularly appreciate the way he's careful with his choice of words. For example, he spends a section describing many different types of inflation and deflation. So he's careful to specify "wage & price inflation," or "asset deflation." Because there are so few others who mention deleveraging as an underlying theme now, the points Shilling raises are helpful reminders.The beginning of the book recounts some of his previous predictions which accurately came to pass. This was probably to bolster his credentials. There are also some entertaining stories in there.But even speaking as a fan of the man, the thing was disappointingly bloated: at least twice as long as it needed to be. If you have some 200-page books on your list, you might want to read them first.