SOS Gary Shillings Recession Over?

By Gary Shillings on 1 April 2010

Four (4) pillars one has to look at from the positive economic figures due to item (1) but items 2-4 is not convincing:

1. Unwinding of inventories
2. Housing not rebounded
3. Employment still weak
4. Consumer income is weak

Gary is not pessimistic, he is just a realist.

08 - did well (13 predictions achieved)
09 - flat

If you drop 90% in 08, and double in 09, you are still 80% down.
If you drop 80% in 08, and double in 09, you are still 60% down.
If you drop 50% in 08, and double in 09, you are still 20% down


For 2010

1. Long USD
2. Long Bond
3. Selective and long high dividend yield stocks