As the greenback makes a run to break above 90 on the DXY basket of global currencies (not seen since 2006), emerging markets, commodity prices and US multinational earnings are all feeling the downward pressure. All those assuming that the effects are a short term blip, might be wise to consider the alternative…a sustained, secular uptrend in the US dollar, intensifying asset price deflation for the next several quarters, possibly years…
Bloomberg’s Andrea Wong and Mia Saini examine the potential impact of a strong U.S. dollar on corporate earnings. Here is a direct video link.
Here is a direct video link.
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