Global Markets: I Am Very Cautious and Worried

Mainly I am worried. It has been six and a half years since the bull market has started in the United States and therefore in the rest of the world and it is unusual. Every four to seven years through out American history we had setbacks and consolidations or some other form of economic problems. So we are overdue.

It is all based on staggering amounts of money printing and debt, not just in the U.S. but worldwide. So I am very cautious and worried.

The U.S. Dollar Is Perceived By Investors As A Safe Haven

I own more U.S. Dollars on the long side than any other currency for that exact reason. There is more turmoil coming and many people perceive the U.S. Dollar and the United States as a safe haven. The Dollar is certainly not a safe haven it is perceived that way.