The Age of Deleveraging (PDF)

Top economist Gary Shilling shows you how to prosper in the
slow-growing and deflationary times that lie ahead

While many investors fear a rapid rise in inflation, author Gary
Shilling, an award-winning economic forecaster, argues that the
global economy is going through a long period of de-leveraging and
weak growth, which makes deflation far more likely and a far
greater threat to investors than inflation. Shilling explains in
clear language and compelling logic why the world economy will
struggle for several more years and what investors can do to
protect and grow their wealth in the difficult times ahead. The
investment strategies that worked for last 25 years will not work
in the next 10 years. Shilling advises readers to avoid broad
exposure to stocks, real estate, and commodities and to focus on
high-quality bonds, high-dividend stocks, and consumer staple and
food stocks.

* Written by one of today's best forecasters of economic
trends-twice voted by Institutional Investor as Wall Street's top
economist

* Clearly explains what to invest in, what to avoid, and how to
cope with a deflationary, slow-growth economy

* Demonstrates how Shilling has been consistently right about
major economic trends since he began forecasting in the early
1980s

Filled with in-depth insights and practical advice, this timely
guide lays out a convincing case for why investors need to be
prepared for a long period of weak growth and deflation-not
inflation-and what you can do to prosper in the difficult times
ahead.