Gary Shilling interview on Bloomberg
Gary is talking about his usual deflationary theme. He sees the 30y retreating to the 2.5% level it hit in 2008. He's also identified many types types of deflation: financial assets, tangible assets, commodities, wages, goods, and services deflation. He likes medical office buildings and rental apartments as safe havens, but thinks copper will go a lot lower. He continues to be bearish on China, and pooh pooh's their primitive monetary tools.
Gary is talking about his usual deflationary theme. He sees the 30y retreating to the 2.5% level it hit in 2008. He's also identified many types types of deflation: financial assets, tangible assets, commodities, wages, goods, and services deflation. He likes medical office buildings and rental apartments as safe havens, but thinks copper will go a lot lower. He continues to be bearish on China, and pooh pooh's their primitive monetary tools.
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