American shoppers are waving some red flags that hint at a recession in the next year, one legendary economist is warning.
Gary Shilling, the Stanford economist and Merrill Lynch alum best-known for calling the dot-com bubble and 2008 housing crisis, is doubling down on his view that the US will likely enter a recession sometime in the coming 12 months.
In a note this week, Shilling pointed to one particualr area of concern in the economy: the US consumer.
Households are flashing warning signs as energy costs remain elevated and interest rates look poised to remain higher for longer.
“Consumers are signaling that all is not great with the…
