"Don't short the greenback"

Why Shorting the Dollar Now Could Be a Big Mistake: The world is short the dollar right now. But that could be a big mistake…
The outlook for the ailing greenback – finally – is getting healthier, which makes it the perfect time to go long.

I know this is a wildly unpopular and completely contrarian stance, so let’s get right to it. Here are the 10 reasons I think the dollar’s headed for an inevitable reversal:

1. If Not the Dollar… Then What?

2. The Fed: From Enemy to Ally

3. What Goes Down Eventually Goes Back Up

4. Warren Buffett, Jim Rogers and Bill Gross CAN Be Wrong

5. Pop-Culture Even Hates It

6. The Most Unlikely & Unsophisticated Are Speculating

7. Psst! Did You Hear About the Amero?
Another contrarian sign we’re at an extreme bottom – talk of the Amero or Americo is popping up again. First floated by Dr. Herbert G. Grubel of the Fraser Institute in 1999, this is largely a conspiracy theory that the governments of Canada, the U.S. and Mexico are secretly planning to launch a unified currency to compete with the euro. This is such a bad idea on so many levels I can’t get into them all here. Just trust me, the world’s largest economy is not going to relinquish macroeconomic control by opting for a unified currency.

8. A REALLY Weak Dollar Helps No One

9. We’re Not Decoupled Yet

10. Stocks Love A Strong Dollar

Read Louis "Paperpusher" Basenese at MoneyMorning.com

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