Gary Shilling still forecasts Chronic Deflation

Deflation's Coming, Says Gary Shilling, And It's Going To Clobber The Stock Market

Gary Shilling : i think we are heading toward a chronic deflation simply because we are in a world where supply of almost everything is exceeding the demand " the demand is weak , the supply is big also thanks to the new technologies and the globalization says Shilling , shilling recommends bonds over stocks