Don’t Argue With Structural Bears

Stephen Jen on the lessons of 2005:

I have given up trying to convince the structural USD bears about the benign perspective on global imbalances.  After a year-and-a-half of hard marketing, I have come to the realization that investors’ structural views on the USD are deeply entrenched:  the bears will always be bears.

posted on 19 December 2005 by skirchner in Economics

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