OPEC production went from 30 million barrels a day to 33 million. They flooded the market, and it's lost them a lot of money. Look at the Saudis: they just floated a $17.5 billion debt offering, they earlier borrowed $10… — Gary Shilling Copy Share Image
I said earlier [2015] year that I thought we'd get to 10 or 20 bucks [per barrel ] because that's the marginal cost, and when you're in a price war, it's the marginal cost that determines the price.It is a… — Gary Shilling Copy Share Image
Despite the recent conviction of many that we're headed back to inflation, I think deflation remains the more likely prospect. You've just got too… — Gary Shilling Copy Share
One of the things I think is very likely is that with the prospects of robust fiscal stimulus in response to voters mad as… — Gary Shilling Copy Share
If someone loves you, they can fall out of love with you but they're probably going to keep fearing you. That's where we are… — Gary Shilling Copy Share
We're in a pretty tumultuous world, and there's a lot of uncertainty. Treasurys are where people go as one of the few safe havens… — Gary Shilling Copy Share
Bloomberg TVThe one thing I think is likely to happen under either candidate is massive fiscal stimulus. You have so many voters in Western… — Gary Shilling Copy Share
We've seen that in the past that where you've had uncertainty, and even where the Fed is raising rates, Treasurys rise as everybody heads… — Gary Shilling Copy Share
A [Donald] Trump win might be bad for stocks, but it would be very positive for the dollar and Treasurys. — Gary Shilling Copy Share
OPEC production went from 30 million barrels a day to 33 million. They flooded the market, and it's lost them a lot of money.… — Gary Shilling Copy Share
[Donald Trump] is so unpredictable that foreigners are going to look around and say "boy, we've got to head for the safe havens." And… — Gary Shilling Copy Share
Treasurys, as low as yields are, are higher than they are in most other developed countries. — Gary Shilling Copy Share
If you look back historically at the post-WWII period on average, if you get a 100-basis-point increase in Fed funds, the spillover to the… — Gary Shilling Copy Share
Let's say [Donald] Trump wins. Is Congress going to let him build a wall on the Mexican border? I don't think so. — Gary Shilling Copy Share
If Hillary [Clinton] is elected, is she going to be able to jack up taxes with virtually no deductions, and include capital gains? Unless… — Gary Shilling Copy Share
![“I said earlier [2015] year that I thought we'd get to 10 or 20 bucks [per barrel ] because that's the marginal cost, and when you're in a price war, it's the marginal cost that determines the price.It is a price war because basically the OPEC reason did not cut production in their November 2014…” quote by Gary Shilling](https://sms4smile.com/quotes/i/66c/gary-shilling-27568_barrels_i-said-earlier-2015-year-that-i-thought_2695177.jpg)