Top economist Gary Shilling says a recession and a deep stock-market plunge are likely by year-end

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Gary Shilling thinks there's almost nothing that can stop a US recession this year. The legendary economist and Merrill Lynch alum laid out a grim outlook for markets and the economy in an interview with Business Insider this week. In his view, it's almost inevitable that the US will tip into a recession this year, given ongoing vulnerabilities in multiple areas of the economy. He's also eyeing a big correction for stocks as valuations reach dizzying levels. Shilling said he believes the S&P

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