There’s a great deal of anticipatory borrowing and inventory building that’s going on driven by this mortal fear of not having enough stuff for Christmas. Retailers have been encouraging people to buy ahead and saw we just had reports from Walmart and Target that their inventories have really leaped. Our guest this week on Retirement Lifestyle Advocates radio is Dr. A. Gary Shilling, who tells your host Dennis Tubbergen, that he believes that inflation is transitory and will subside leaving retailers in the position of having to ultimately discount prices to unload the excess inventory. Listen in to get Dr. Shilling’s forecast for the markets and our economy.
Dr. A. Gary Shilling is an American financial analyst and commentator who appears on a regular basis in publications such as Forbes magazine, The New York Times, and The Wall Street Journal. He is also the author of the monthly newsletter INSIGHT, and the book “The Age of Deleveraging”.