He Saw the Crash Coming: What Gary Shilling Sees for 2009

too litle too late for the warnings

He is not the first to use "Depression". There are others and there will be more...we've been warned!

shill + ing = shilling had you shorted #7 commodities early in the year you would have lost money until July or so.

It come already...What do you expect..............not a new news.........expect recovery.........if bust,there is a recovery too.......otherwise no more economics and theory...........Think of recovery.........You are all short sighted.........Yes all thing are worse since year 2007 November..........until now because we are now at the end of the cyles which has a lot of casualty,hence we are on the end a recovery will be next.....You never see nothing yet impossible .....Stimulus and central bank help will save all things.........Take 3 to six months...........Why are afraid......I for sure never.........

Who is Sue Nami?

As one scientist explained, financial theories, like history, economics, is only a tool to explain what happened in the past but is in no way a tool to predict the future accurately. Like Blodget's blunders with AMZN, most analysts will be eager to come forward to explain the past, but have no clue about the future. Except very very few of them.

I saw it coming too. Sold it all in Apr 2007.

What a bunch of hatred spewing out!!! Look in the mirror and you will see the problem. Peace!

Right on Gary! Too bad some people can't express themselve without resorting to profanity.

To "Would\nt u like to know" Truth hurts, doesn't it. Don't shoot the messenger. Economy is going to stagnate for a few years even if we all stick our heads in the sand. Did you ask the "idiots" to shut up when these messengers were reporting (or perhaps causing) the internet and housing bubbles ? If you don't like the message, stop listening. Rather than yelling at the messengers, use the info to figure out how to survive through this downturn or even capitalize, short term and long term: Think what sectors will continue to spiral down (consumer discretionary ??), what will stabilize (consumer staples, healthcare, education, cash rich dividend paying companies ??) and what will go up (infrastructure and green energy / renewables / environment ??). How about the direction of the dollar and gold ? Figure out appropriate asset allocations. Moreover, as individuals and as a nation, we need this deleveraging to reduce our personal and national debt to make us stronger financially in the long run.

Any product or service that balloon in prices in a short period of time like real estate, oil and gas and the technology stocks will surely crash and afftects our economy. This is the main reason that I blame Greenspan for most of these 2 recessions. He made the Fed lending rate very low for the longest period of time and this created a balloon in the real estate. He is also responsible for the balloon of the technology stocks. We were mesmerized by his actions and trusted him with determining the lending rates. Do not blame Greed because everybody wants to earn more in this capitalist society.

The stimulus can't last long unless we never ever plan on paying back the gov't debt (maybe that's been the plan all along). It can only last as long as we continue to fool china and japan into buying our debt. After that you can start using the "D" word. Maybe even the "F" word.

I agree with "would/nt you like to know", and I think " Johnny Ike" is in extreme need of an English course.

Would\nt u like to know, There is an old eastern wisdom. Saying “sweet” one thousand times will not make it sweet in your mouth. Get real. The laws of nature will take over, even if you shut up everybody who describes the laws.

To "Would\nt u like to know" Truth hurts, doesn't it. Don't shoot the messenger. Economy is going to stagnate for a few years even if we all stick our heads in the sand. Did you ask the "idiots" to shut up when these messengers were reporting (or perhaps causing) the internet and housing bubbles ? If you don't like the message, stop listening. Rather than yelling at the messengers, use the info to figure out how to survive through this downturn or even capitalize, short term and long term: Think what sectors will continue to spiral down (consumer discretionary ??), what will stabilize (consumer staples, healthcare, education, cash rich dividend paying companies ??) and what will go up (infrastructure and green energy / renewables / environment ??). How about the direction of the dollar and gold ? Figure out appropriate asset allocations. Moreover, as individuals and as a nation, we need this deleveraging to reduce our personal and national debt to make us stronger financially in the long run.

I wish Alan Greenspan saw it coming. I was 85% out of equities. Whew!

OMG....

Just an average joe in my 60's and I am screwed! 401 is down my house is not yet underwater,but barely floating. Dollar is down banks are hoarding money, and not paying any interest to speak of.Wall Street gets a bailout,but the rest of us are sucking eggs. GM builds POS's and gets a bailout. Obama job creation is going to draw every illegal alien in northen mexico up here, and nobody will do anything about it. I belive the average american is only good for Cannon Fodder so big companies can enrich themselves anymore.

Yeah !! That's real smart.........."just shut the hell up" ... Well you're real smart, just bury your head in the sand and don't listen to all of these FACTS while you're losing your job, losing your car and losing your house........................ NO don't shut up !! WAKE UP IDIOT !! We're in the worst financial and economic situation since the Great Depression ... SO FAR !!

Thanks for forecasting what Peter Schiff and Ron Paul said 4 years ago. O the dollar is dead SHORT THE DOLLAR. OPEC, Asia and Russia are going to sell their treasury bonds next year. Expect the dollar at .20-.30 in 2009.