8 Good Reasons To Short USD

2021年2月10日

Five world-class investors that are bearish on USD...

1) Ray Dalio
“You can’t continue to run deficits, sell debt or print money rather than be productive and sustain that over a period of time. [...] If we don’t work together to do the sound things, to be productive, to earn more than we spend, to build the stability of our currency and build a good balance sheet, we are going to decline."
marketwatch.com/story/billionaire-investor-ray-dalio-warns-us-china-conflict-could-become-a-capital-war-that-hits-the-dollar-2020-07-27

2) Stephen Roach
"The US dollar could collapse by the end of 2021 and the economy can expect a more than 50% chance of a double-dip recession" [...] “The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit” [...] “The dollar is going to fall very, very sharply.”
markets.businessinsider.com/news/stocks/us-dollar-crash-high-chance-double-dip-recession-roach-2020-9-1029618113

3) Hugh Hendry
“When I look at the world of macro, I think it’s telling us that we need a lower print on the dollar itself.” [...] “I think we need the Treasury, and not the Fed, to step up to the plate and tell the world ‘we’re going to target 70 or 60 on the dollar index.’ That would change the world.”
cnbc.com/2020/06/30/the-us-can-change-the-world-by-devaluing-the-dollar-analyst-says.html

4) Warren Buffet
"The rest of the world owns $10 trillion of us, or $3 trillion net." [...] "If lots of people try to leave the market, we'll have chaos because they won't get through the door." [...] "If we have the same policies, the dollar will go down."
moneyweek.com/9426/why-buffet-is-a-dollar-bear

5) Ulf Lindahl
[USD] will plunge 36% against the euro over the next year or so, taking it to levels it has not seen in more than a decade, and “is the beginning of a very large move.”
reuters.com/article/us-usa-markets-dollar-analysis-idCAKBN25R2JX

Note: Analysts from Citi, Goldman Sachs, and BlackRock are also bearish on USD
aljazeera.com/economy/2020/11/16/dollar-may-drop-20-in-2021-on-covid-vaccines-citigroup-warns
markets.businessinsider.com/currencies/news/dollar-goldman-sachs-shorting-coronavirus-reopening-norway-krone-currency-trade-2020-6-1029268688
reuters.com/article/us-investment-summit-dollar-idUKKBN28D23T?edition-redirect=uk