A Quote by Gary Shilling

Bloomberg TVThe one thing I think is likely to happen under either candidate is massive fiscal stimulus. You have so many voters in Western Europe and North America who've had no real income growth for over 10 years, and they are, in the words of Howard Beale, "Mad as hell and not going to take it anymore."
One of the things I think is very likely is that with the prospects of robust fiscal stimulus in response to voters mad as hell, the Fed is going to be in there with helicopter money. In other words, they're going to be buying whatever the Treasury issues. They're not going to, in effect, advocate strong fiscal stimulus and then not finance it. And that's helicopter money.
For many years, I have sought and studied Agarikon, an unusual mushroom native to the old growth conifer forests of North America and Europe.
I think there are beautiful moments. These days everybody expects that fairy tale , that you're going to be together forever with somebody and I don't really subscribe to that. I'd love that to happen if that happened, but 10 years is enough. 10 years is a good thing with somebody, I think. It's a nice thing. A lot of good love can happen in 10 years.
Japan has introduced fiscal stimulus five times in the past seven or eight years and each time it's been a failure and that's not a surprise. Fiscal stimulus is not stimulating in and of itself.
At the federal level, the fiscal stimulus of 2008 and 2009 supported economic output, but the effects of that stimulus faded; by 2011, federal fiscal policy actions became a drag on output growth when the recovery was still weak.
We don't have great answers to what jobs will look like in 10, 20, 30 years. And I think it's right for people to have some anxiety in a world where driverless cars are going to take over. Like, how are you going - it's gotten really, how are you going to have a job in 10 years, and how are your kids going to have a job in 10 years, if you haven't gone to college or had a lot of hand-ups in the system, basically.
Europe is being subjected to the kinds of programs that devastated Latin America for many years. Latin America has thrown them out and is pulling out: It's successful; it's democratizing; it's economically developing; and it's free from the shrapnel of US imperialism for 25 years. Meanwhile, Western Europe is destroying itself systematically, destroying itself going in the opposite direction.
I had crazy experience when I was talking to voters at the Nevada caucus the other night in Vegas. Voter after voter after voter, these are Republican primary voters, caucus goers, saying I don`t listen to Fox anymore. I can`t trust Fox anymore. I`m over them. And these were all [Donald] Trump supporters who he had successfully sort of pried their trust away from the thing they have been trusting for years.
The truth is that we have long had a multi-track Europe with very different objectives. The traditional differences between the north and the south in fiscal and economic policy are far less problematic than those that exist between Eastern and Western Europe. In the south and east, China is steadily gaining more influence, such that a few EU member states no longer dare to make decisions that run counter to Chinese interests. You see it everywhere: China is the only country in the world that has a real geopolitical strategy.
There's nothing new. I think that's the weird thing for me. Over the last couple of months, the keep-fit shows, and then at the end of it you get to lose weight and one of you is going to win a million dollars - that's not real. In many ways, even 10 years ago that wouldn't have worked.
Race is still a powerful force in this country. Any African American candidate, or any Latino candidate, or Asian candidate or woman candidate confronts a higher threshold in establishing himself to the voters ... Are some voters not going to vote for me because I'm African American? Those are the same voters who probably wouldn't vote for me because of my politics.
Scientists have always thought that because mammoths roamed such a huge territory - from Western Europe to Central North America - that North American woolly mammoths were a sideshow of no particular significance to the evolution of the species.
There was this famous clash of civilization thesis from Samuel Huntington, a political theorist. And the idea was that Western civilization is at war with Islam and maybe some of the other civilizations around the world. And I don't agree with that. But I do think there is such a thing as Western civilization. I think it starts with the Greeks and the Romans. Then it goes through the Enlightenment - or the Reformation, the Enlightenment. It goes through the scientific age. And it somewhat defines some of the cultures and mores of Europe and North America and some other countries.
I want people to be mad as hell. Be mad as hell and work toward something. Find an issue and find a candidate that you believe in.
Overcoming the Cold War required courage from the people of Central and Eastern Europe and what was then the German Democratic Republic, but it also required the steadfastness of Western partner over many decades when many had long lost hope of integration of the two Germanys and Europe.
The decline of education in North America and I suppose in Western Europe makes it harder to have a common body of references.
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