“Many experts believe that the economy is stuck in slow-growth mode, but economist A. Gary Shilling, president of economic research and forecasting firm A. Gary Shilling & Co., thinks it’s worse than that.
“We are in a recession in the U.S., and indeed it’s global, that we’re either in a recession or entering one,” he told Yahoo.
“If you look at the U.S., the problem is you haven’t had the income to support consumer spending. That really goes back to the weak employment.”
If you enjoy the content at iBankCoin, please follow us on Twitter
