Interview with Gary Shilling
Gary joins Jim to discuss national and international economic issues. This visit begins with Gary talking about money, and how it is changing. Gary also explains how the new forms money is taking is changing the way economists, including the FED, are looking at the condition of the economy. They also talk about the trend of Americans to invest in the stock market instead of saving, and the changes that is creating. As always, Gary helps Jim focus on the impact of deflation on various segments of the marketplace. Examples include broker fees, many areas of technology, and telecommunication. Gary admits that there are indicators of inflation, but deflation is also alive and growing in many sectors.