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Deflation: How to Survive and Thrive in the Coming Wave of Deflation Book
Most people associate deflation with the 1930s: depression, unemployment and a spectacular stock market crash. But A. Gary Shilling doesn't think that deflation is all that bad--in fact, if you're prepared, deflation can be a good thing. In Deflation Shilling outlines why he thinks we're about to enter a prolonged period of deflation and offers advice for businesses and investors on how to position themselves and their finances to best cope with the spectre of falling prices. Shilling sees several forces feeding the trend to deflation including the end of the Cold War, reduced government spending, growing surpluses, the widespread adoption of technology, the emergence of the Internet, deregulation and the recent Asian contagion. He also believes that the stock market is … read more...
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