Stocks are poised for an 18% hit, warns economist who nailed last financial crisis

Shawn Langlois
Stocks are poised for an 18% hit, warns economist who nailed last financial crisis

Gary Shilling has a knack for predicting turns in the economy. The former chief economist for Merrill Lynch did it in 1960. And again in 1991. Then, leading up to the financial crisis in 2008, he repeatedly said the housing boom would turn to bust. He’s making another call now.