GKM

How Bad Is the Dollar's Fall?

Wow that Chief Economist Carl Weinberg is a rocket scientist for sure. To think at some point when the Fed stops cutting rates and starts to raise them that the US dollar might go up? That is absolutely Nobel prize winning intelligence there. I think I learned that in Econ 101 but then again I don't have the title Chief Economist so what do I know.

I've been short the Euro for about two weeks now. The dollar recovery has already begun at least for the medium term. Deleveraging will continue to drive inflows into US dollars and the Fed will be up against it to cut much further in the short term. The market knows this but apparently Carl Weinberg is still skeptical/stuck in Econ 101.