Tuesday, February 9, 2010

Dollar and Euro soon at parity Says Gary Shilling

Dollar rebounds as the Euro Falls , sell Euros and buy Dollars says Gary shilling

Reports of a rescue for Greece is giving the Euro a bounce today versus the dollar. However, Shilling is not about to buy Euros; believing in tough times, investors will continue to flee to the greenback, simply because it's "the best of a bad lot."

With that in mind, Shilling is short the euro and long the dollar. As he tells Henry in this clip, dollar - euro parity is in the offing. "It will go down to one to one," he declares.