Deflation
Were you to have followed Shilling's advice in the early 1980s, you would have been a full participant in the 15-year bull market in both bonds and stocks that ensued...his analysis, as usual, deserves careful consideration. -Bruce J. McCowan, Former Chairman, McCowan Associates, Inc.In the early 1980s, Shilling was one of the first to raise the possibility of disinflation...At the time, he was considered extreme, but that's just what happened. Now he's considered extreme once again. We'll see... -Terry Savage, Personal Finance Columnist, CHICAGO SUN-TIMES.Were you to have followed Shilling's advice in the early 1980s, you would have been a full participant in the 15-year bull market in both bonds and stocks that ensued...his analysis, as usual, deserves careful consideration.
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