Codywillard

The dollar is on fire and it has been for months now which means it's going to start impacting economies, earnings and expectations around the globe. The impact of of the dollar's big moves could be a short-term phenomenon, but if the move continues with this kind of momentum and magnitude, it will start to have mid- and longer-term economic ramifications (most of which are good for Main Street, but not so good for global conglomerates or Wall Street per se). An old mentor of mine, now Chief Market Strategist at Rosenblatt Securities, Brian Reynolds, taught me long ago that when it comes to currencies and rates that it's not necessarily the direction of the move that counts, but the quickness and the magnitude of the move that matters. Another old mentor of mine, Jim Rogers, writes in his book and used to explain to me on TV that currency trends usually last much longer and go much further than most other markets' trends. Plenty of economists/analysts (me included) have been more focused on the possibility