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Legendary economist Gary Shilling says consumer signals point to a recession in the next 12 months
(www.businessinsider.com)
this post was submitted on 07 Sep 2026
34 points (97.2% liked)
United States | News & Politics
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Ive got a mortgage. Everthing gets offset against it. My pension has been moved from high growth option to stable option and some cash. Designed for when close to retirement. Im still 20 years from retirement.
All options for commercial and reisdential property has been moced to zero. Share allocations moved away from usa. Im actually bssed in australia. Weve had a bumonin the last few weeks, just due to the us dollar loaing value. However the aussie dollar is already weak so its just moving back to long term averages.
Yes, inflation xan be a problem but its generally back in normal range here. Oil shock has not had as much of an inflation shock as in the past as were less dependent on it for all energy. I think el nino will be a biggee shock than hormuz.
yea kinda the same with mortgage and 401k but usa
want to move away from us exposure but not sure anything is better, when this pops it’ll be global but with shit like elon fucking retail nasdaq, I am just not reassured that us regulations will be enforced