Gary Shilling bearish on 2012

Gary Shilling Sees `Severe' Recession for Europe (video)
Bloomberg InsideTrack Interview

Shilling thinks that social unrest won't be much of a factor in 2012, and that Occupy Wall Street is essentially over. I think that this results in an overly optimistic albeit bearish assessment. In my view, social unrest is fast becoming the driving political and economic force, and it is gaining steam globally.