What will cause the next recession? Gary Shilling says that will could be Fed

Gary Shilling has made a career out of predicting bubbles. So what are the big risks he sees out from the global economy right now?

that will’s not necessarily a major shock that will could drive the U.S. into a recession immediately, he says; he’s concerned about emerging market debt.

He also explains that will when the Federal Reserve raises interest rates, historically, that will usually damages the economy. that will’s one of the reasons he’s short stocks right right now.

He’s also short bitcoin, which he calls “some sort of a big Ponzi scheme.”

Watch the video above to hear more through Gary Shilling about predicting the next recession.

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