David Rosenberg Prefers US Dollar Over Euro, Bonds Not In Bubble (EUR/USD, UUP)

David Rosenberg, Chief Economist and Strategist at Gluskin Sheff, was interviewed at The Globe And Mail this morning. He sees more "financial spasms out of Europe" on debt concerns and the Ireland elections, a flight to safety bid back into the US Dollar (lower EUR/USD) and fixed income as an attractive investment. He said "bonds are not in a bubble". Link to the video (hat tip Zero Hedge)


*Rosenberg is also bullish on Japan when using price valuation and interest rate comparables to the U.S. and Europe. Read more at Business Insider.