The Market Can Remain Irrational Longer Than You Can Remain Solvent

Published on
June 24th, 2019
Duration
44 minutes


The Market Can Remain Irrational Longer Than You Can Remain Solvent

The Interview ·
Featuring Gary Shilling

Published on: June 24th, 2019 • Duration: 44 minutes

Even though this quote is attributed to John Maynard Keynes, it was actually Gary Shilling who was the first known user of it in print. The president of A. Gary Shilling & Co has enjoyed a long and storied career in finance. And in this interview with Real Vision’s Ed Harrison, he takes us back to the days of fixed commissions on Wall Street as stagflation became entrenched. Shilling also talks at length about why he thinks a recession has just started, making Treasuries still the asset class to own. But as he looks forward, Shilling also sees a bright future of technological advancement, productivity growth and above-trend economic growth. Filmed on June 18, 2019 in New York.

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