Partner and Portfolio Manager at Avenue Investment Management
Member since: Dec '04 · 1618 Opinions
High USD. Incredibly tough for the global economy to manage, as there's so much EM and foreign debt issued in USD. It becomes harder for them to service that debt, which forces them to buy US dollars, and it becomes a vicious cycle. Fed's aggressive rate hikes underpin the whole thing with a high USD and is a negative for the global economy.