GARY SHILLING: Here’s Why The US Is About To Plunge Into A New Recession

Friday, April 20, 2012
By Paul Martin

Simone Foxman
BusinessInsider.com
4-20-2012

Last week, Gary Shilling wrote a four-part series on why the U.S. economy is on the fast track to a brand new recession this year.

While he pointed to various data points and recounted a number of anecdotes to prove his point, Shilling’s argument was simple: the consumer strength we saw earlier this year was fleeting and highly accommodative policy from the Federal Reserve and the possibility of more quantitative easing are the only things propping up markets right now.

In fact, the fundamentals of the economy lead him to believe “the U.S. economy is overdue for a recession.”

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