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One of the more interesting ideas that I’ve come across for 2013 was Jeff Gundlach’s short the yen, long the Japanese stock market trade. Gundlach’s belief is that Japan is going to have to undertake aggressive currency debasement in order to stimulate the economy.
One of the leading voices in the currency trading world is John Taylor of FX Concepts. Does he confirm the Gundlach thesis? Here is what he is saying about currencies for 2013:
- He thinks the yen is going to continue to weaken because the newly elected government is going to push it through.
- He is now worried about the fiscal cliff; he thinks the Tea Party Republicans are toying with a situation they have no understanding of.
- Europe is in a situation similar to Japan and needs serious inflating, but that it will take four or five years for them to figure it out.
- He is short the euro; he thinks politicians have to weaken their currency.
- A weakening of the euro is the only way the continent can go.
Currency Guru John Taylor of FX Concepts on the Outlook for Currencies in 2013
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SineMissione - 3 months ago
This guy has been preaching the collapse of the euro for the past 5 years. Guess what, the euro is still going strong and his funds are down 25%.
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A weakening of the Euro? Maybe, but against what? So many so-called "pros" called for a dramatically weakened Euro as Europe went thru its contortions during 2012. Didn't happen.