“People are coming out of the woodwork saying that the Trade of 2015 is going to be the rising dollar because the Fed is going to raise rates in 2015, while everyone else is easing”.
“They will hike rates because everyone says they will, global growth and inflation conditions be-damned”.
“I don't think it's going to be that easy”
“In currency wars the country with the growth, the inflation and the strong currency can suffer a slow death of 1,000 little pricks as neighbors beggar them through competitive/mercantilist currency devaluations”.
“For example, China has the strong currency too and they just flinched. On this, today's Economist questions whether Germany is strong enough to support Europe, a good question”.
“I think the better question is: is the US is strong enough to support the world?”
“I have my doubts because it may be a task too tall”.
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