Via Bloomie:
Ulf Lindahl, chief executive officer of AG Bisset Associates, predicts the dollar will plunge about 40 per cent against the euro by 2024. The currency manager’s reasoning is straightforward-since the 1970s, the dollar has been repeating a 15-year cycle of losses and gains, and the pattern is replaying now. To some, Lindahl’s call may seem outlandish and his reasoning overly simple. But after last year’s 9 per cent slide-and with Bridgewater Associates’ Ray Dalio in September predicting a dramatic dollar drop-Lindahl’s view may not be as far out as it once appeared.
“We should see a very substantial decline in the dollar,” the 64-year-old says in an interview in August at his five-person office in Norwalk, Connecticut. “It has massive implications for all the financial markets,” potentially triggering a sell-off in stocks and a rally in commodity prices. Investors piled into the greenback this year, boosting it almost 2 per cent as US growth outpaced that of its global peers and the Federal Reserve raised interest rates.
