I am a big believer in the idea MAJOR global macro events are catalysts that produce long-‐term trend changes in markets (granted the gift of hindsight helps us see this; but for the record I believed the dollar had put in the a bottom during the credit crunch , and said so then, and though confidence in that call has waxed and waned, I still think the credit crunch marked the end of the US dollar bear market; now a multi-‐ year bull market is likely underway.
