In a special edition of the Big Picture, Jim welcomes Gary Shilling PhD, President of A. Gary Shilling & Co and publisher of the newsletter Insight. In this exclusive interview, Gary provides some current analysis on the global economy and updates on his book, The Age of Deleveraging. Gary discusses the economic implications of continuing global deflation, as well as a de facto dissolution of OPEC. They also discuss the evolving nature of China’s economy, and how moving to a more consumer driven economy will impact China in surprising ways.