Get out the cynanide capsules.
According to Forbes economic guru A. Gary Shilling (http://www.forbes.com/shilling), the current economy — which many experts are calling the worst since the Great Depression — is a long way from hitting bottom.
Shilling describes a four-phase process of deterioration in which the current housing and financial services failures are eventually followed by a depression of gross national product and finally, a global recession.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.