CPI Goes Higher on Food, Energy, Transportation, Medical, Tuition & Books, Restaurants, Alcohol, Rent, etc.
Gary Shilling, president of A. Gary Shilling & Co., talks about the outlook for the U.S. economy, dollar and Federal Reserve monetary policy.
00:00 Outlook: "big nose dive in consumer spending"
01:10 Discrepancy between unemployment, payrolls
02:26 Prospects for Fed policy, bond market
05:26 "Very optimistic" on U.S. dollar
07:26 China’s economy, growth outlook
Shilling Sees ‘Big Nose Dive’ in Consumer Spending June
Bloomberg, June 11 2008