we are hearing from jeff dunlop from double line capital. is giving one of his calls talking about what's going on in europe. we've seen some big action in the dollar rising to multi-year highs. he thinks the dollar will continue to rise and bond yields are likely to continue to fall. he says european quantitative easing will create more negative yields which is something we have seen already and limited sovereign bonds will keep a lid on rates. he says in the united states, it's more likely the 10 year yield dips below 2% this year. he's looking for a trade in european stocks. he says the fed is intent on being a blockhead. i assume that is a direct quote. he says the fed raising interest rates will hurt the economy so presumably that is why he is looking to europe instead of in the u.s.. it makes sense if you are looking at it from the perspective of looser monetary policy versus tighter monetary policy. those headlines just coming out from jeff dunlop. alix: the dollar also implicated there. shifting to war in the middle east -- the death

. >> it seems like contrary and don't -- any that were left, are being encouraged by jeff dunlop saying don't try to short the dollar. it's just not worth it because realistically, it's going to keep strengthening. you have the double effect from the u.s., even if they don't tighten policy right now there's much more economic growth and there seems to be an acceleration here. you've got the european situation and potential deflation, but you also have a qe program that seems to be working. alix: when do you see parity? deutsche bank says by the end of the year. >> i don't have any magic way of knowing the answer to that. it could happen tomorrow. the people who dry lines -- you draw lines and make charts if we break through, we will be at parity within a few days. if we stop here, it could take longer. there is no magic time. the euro will have to find stability at some point, but first, we have to get confident that the greek crisis can be kicked more than 100 yards down the road. second, we need to get optimistic about the european economy. alix: what happens if the fed doesn't hike i