Gary Schilling is a well-known economist based in the United States of America. Schilling also commentates on finance, with his opinions being published in a number of prominent magazines. He also frequently appears on television and radio shows in this capacity.
Schilling was fortunate to receive an elaborate education during his life. He completed his bachelor’s degree from the Amherst College, majoring in physics, magna cum laude. During his time at the institute, he was inducted in to the Phi Beta Kappa and Sigma Xi as well. Schilling later jumped ship to Stanford University from where he decided to pursue his Masters Degree, as well as a Ph.D., in the field of economics.
After completing his education, Schilling entered the corporate environment where he enjoyed considerable success. His early endeavors included carrying out economic analysis and forecasting for Standard Oil Co., focusing on the regions of Canada and the U.S. He was responsible for setting up the Economics department at world famous bank, Merrill Lynch, Pierce, Fenner & Smith. He did so at the tender age of 29, and managed to become the company’s very first chief economist in the process. Schilling later moved to White, Weld & Co., where he bettered his achievements by not only becoming chief economist, but assuming the role of the Senior Vice President as well.
Schilling has made a name for himself in the domain of forecasting over the years. He correctly predicted the recession that awaited the United States in 1969. In 1973, he was among the very few, if any, economists who foresaw the global recession the world was about to encounter as a consequence of the mass inventory pileups internationally. During the widespread inflation of the 1970’s, Schilling contested popular view by claiming that inflation levels could be curtailed via changing the political mood of the nation and moving investments from tangible assets to financial ones. He soon came to be known as “Doctor Disinflation” for his counseling exploits.
In 1978, Gary Schilling left his job and started his own economic consultancy firm, A. Gary Schilling & Co. He currently operates as the President of the company. His company was hailed by The Wall Street Journal in 1993 for boasting the best record in predicting interest rates and selecting long term bonds. This resulted in the significant gains made by investors who followed his guidance. Later in 1997, Schilling was again recognized for possessing the most impressive forecasting record. This was across factors such as interest rates, inflation and exchange rates, to which Schilling beat 56 other economists.
A man of multiple talents, Schilling has also garnered acclaim as a writer. He published his first book, titled ‘Is Inflation Ending? Are You Ready?‘ in 1983. From that point on, he managed to write a number of others as well, including ‘The World Has Definitely Changed‘, ‘After the Crash: Recession or Depression?‘ and ‘Deflation‘. Schilling has managed a column for Forbes magazine since 1983, and has also written for numerous others such as The Wall Street Journal and The New York Times. He also created his very own board game which is designed to show people how significant a threat deflation poses to an economy.
Gary Schilling is also hailed for his talents as an influential speaker, often addressing global seminars of business groups such as the Young President’s Organization. He currently sits on the board of a number of organizations as well, including National Life of Vermont, Episcopal Preaching Foundation Inc., as well as Palm Harbor Homes.