Now that's a different point of view. This guy should have a duel with Fleckenstein, who is convinced that the Fed will stop raising very soon, and will not defend the $US.
I guess it may depend on how long it takes the economy to tank. If the housing market goes into sudden collapse, I can't see the Fed not responding with rate cuts.
Hard work often pays off over time, but laziness always pays off right now.
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