Shilling: 20% Housing Drop to Cause 2012 Recession

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Gary Shilling, president of A. Gary Shilling & Co. and author of the Age of Deleveraging says another recession is brewing -- no matter what action the Fed takes. He says economic growth here and abroad is slipping, making a 2012 recession a distinct possibility. Shilling says the shock to trigger the next recession is "another big leg-down in housing."

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