The U.S. economy may still face a “delayed” recession, says financial analyst Gary Shilling. “We’ve had more strength in employment than probably is commensurate with the state of business,” Shilling told CNBC. In this episode of “The Bottom Line,” Shilling talks about what may be next for the economy — from key indicators and AI to globalization and the Presidential Election. Chapters: 0:28 Investor sentiment 1:37 Recession risks 3:25 Labor market outlook 5:42 Presidential election vs. economy 6:53 Future of globalization 7:51 Investment strategy 8:54 AI disruption 10:08 Ongoing wars vs. global business Script and Edit by: Andrea Miller Production and Camera by: Charlotte Morabito Additional Camera by: Jordan Smith Supervising Producer: Lindsey Jacobson Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC #CNBC Why The U.S. Economy May Have A ‘Delayed’ Recession: Gary Shilling