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The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation

byGary Shilling

Economist Gary Shilling argues that the aftermath of a major credit boom is characterized by years of debt reduction, slow growth, and downward pressure on prices. He examines how households, businesses, and governments respond when borrowing can no longer sustain demand, and what that environment means for interest rates, currencies, commodities, and different asset classes. The book combines a macroeconomic forecast with an investment framework for navigating deleveraging. Shilling emphasizes preserving capital, distinguishing temporary rebounds from durable growth, and adapting portfolios to conditions very different from the inflationary assumptions many investors learned.

Publisher

Wiley

Publication date

2010

Format

Print edition

Pages

544

ISBN

9780470596364