|
Japan's decade-long deflationary depression continues. Junk bonds were junked.
Productivity growth has rebounded. Derivatives are dangerous, as proved by Long-Term Capital Management.
In Deflation, Dr. Shilling pinpoints 14 major deflationary forces, ranging from cuts in defense spending to the impact of the Internet to global glut intensified by the spread of market economies like China. Deflation has not only been prescient, but it is the first and only book in print that analyzes today's unfolding deflationary tendencies and predicts their effects. What lies ahead? The impact of deflation on domestic and global businesses, corporate profits, equities, and bonds will require you to revamp your investment and business strategies for success. In Deflation, Dr. Shilling details 13 elements of investment strategy that will help you survive, indeed thrive, in the deflationary years ahead. For example, he tells you why: |
Surprised by any of these developments? Readers of Deflation by A.
Gary Shilling aren't. In his recent book, published by Lakeview Publishing
Company in June 1998, Dr. Shilling anticipated these and other events with
alarming accuracy. He also predicted the interest rate declines of recent
years and the plunge in commodity prices. These developments
are all part of a growing global trend that is leading toward deflation.
