Bearish economist Gary Shilling is . bearish, flatly predicting another recession in 2012 as...

|By:, SA News Editor

Bearish economist Gary Shilling is ... bearish, flatly predicting another recession in 2012 as housing inventories continue to drag. Not surprisingly, his favorite picks are Treasurys - the longer term the better. "I think they're going to 3%," he says of the 30 year, currently yielding 4.2%.