Junk Bonds: They Will Get Destroyed When Interest Rates Go Higher

I am not shorting U.S. Government Bonds but I am still short U.S. junk bonds still. We are certainly in the process of making a top, but when the top comes, I do not know. 

 When interest rates go higher permanently, the junk bonds are going to get destroyed by interest rates and by credit defaults because many of them are junk! (SPDR Barclays Capital High Yield Bond ETF (JNK), iShares iBoxx $ High Yid Corp Bond (ETF)(HYG))

The U.S. Dollar Will Just Go Higher And Higher

I have been around long enough to know that everything is possible, no matter how weird it may sound. In fact, the weirdest it sounds probably the more likely it is going to happen. I doubt that there will be a Plaza accord this time around. It is more likely that the U.S. Dollar will just go higher and higher on its own. It will get too high, it will cause serious credit problems for a lot of people that has borrowed a lot of U.S. Dollars and it will make a lot of American companies less competitive.