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The world’s second-biggest currency trader (Deutsche Bank AG) is bullish on the greenback…
Bloomberg reports the “misery index” fell to 5 in November—its lowest number since 1956. The index combines the rates of inflation and unemployment.
Deutsche Bank AG sees low inflation plus low unemployment powering the dollar to new highs.
The relative strength of the U.S. economy—compared to the rest of the world—buttresses the currency.
The bank predicts the dollar will strengthen to 95 cents to the euro by the end of the year (it now takes about $1.10 to buy one euro). That’s a major move higher in just 10 months…
Bottom line: This falls in line with Tom’s dollar bull market thesis, “The Great Unwinding.” An unprecedented global credit contraction will see the dollar rise to unbelieveable highs. We’re still in the beginning stages. Stay long the U.S. dollar.