A. Gary Shilling is president of A. Gary Shilling & Co., a New Jersey consultancy, and author of “The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation.” Some portfolios he manages invest in currencies and commodities.
Shilling earned his master’s degree and doctorate in economics at Stanford University. While on the West Coast, he served on the staffs of the Federal Reserve Bank of San Francisco and Bank of America. Before establishing his own firm in 1978, Shilling was senior vice president and chief economist of White, Weld & Co. Earlier, he set up the economics department at Merrill Lynch, Pierce, Fenner & Smith at age 29, and served as the firm’s first chief economist. He has been cited repeatedly by the Wall Street Journal as one of the top bond-market analysts and stock forecasters. Twice, a poll of financial institutions conducted by Institutional Investor magazine ranked Shilling as Wall Street’s top economist. Futures magazine also ranked him the country’s No. 1 commodity trading adviser. And in 2003, MoneySense ranked him as the third best stock market forecaster, behind Warren Buffett.