Time to Bet Against the Euro

"They are going to trash the euro," economist Gary Shilling said a couple weeks ago.

 

I agree with him...

 

Shilling is the only economist on Wall Street to have correctly predicted lower interest rates – for decades. He is certainly one of Wall Street's most independent thinkers. And he and I agree on the euro...

 

Specifically, Shilling said:

 

Mario Draghi, the head of The European Central Bank, came out and said what I was predicting, that they are going to trash the euro because they see it as a promoter of deflation, of which they are scared stiff. (The full interview with Shilling is here.)

The fastest and easiest way for Draghi to jumpstart Europe's economy would be to "trash the euro" – as Shilling said. (more)

Please share this article