Though expecting a Chinese hard landing and a 2012 recession, Gary Shilling remains positive on...

|By:, SA News Editor

Though expecting a Chinese hard landing and a 2012 recession, Gary Shilling remains positive on U.S. Treasuries, due to his view of the American economy as "the best of a bad lot." Shilling expects 30-year yields, currently at 4.2%, to eventually drop to 3%. Meanwhile, Shilling is bearish on equities and "agnostic" on gold.