January 28, 2010

US Dollar: There Are So Many Bears That It Is Bound To Have A Rally

"I am very, very bearish on the dollar, but I am long the dollar. I own more dollars than I did 2, 3 or 4 months ago. Mainly because there are so many bears, including me. The dollar is a terribly flawed currency and its going to have huge problems in the next several years. But at the moment there are so many bears that it is bound to have a rally."

in Bloomberg