Completely destroying the 'US is strong' meme...and, as The Global Macro Investors' Raoul Paul pointedly remarks, this is starting to smell as if a shit-storm is brewing...
"The meme of US economic strength and decoupling from the world has consequences...
At some point very soon the dollar is going to break out and EVERYTHING you know is going to change. Everything you’ve understood to be normal and stable in your investment portfolio is going to be as risky as hell. All of your core assumptions are going to be tested and thrown out as false assumptions. Yield trades, once the safe haven, are going to kill you. Anything that has any carry element or any exposure to currency moves will create huge losses."
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