Beat the System: Why Trump will have to trash the dollar to create jobs

If Donald Trump really wants to Make America Great Again, he’s going to have to Make the Dollar Weak Again first.

So argued hedge fund manager Mathew Klody of MCN Capital Management at this week’s Grant’s investment conference in New York.

He made an intriguing case.

If Klody’s right, Trump may just be blowing smoke when he talks about tariffs and border-adjustment taxes.

During the period that the dollar soared, workers’ share of domestic income has plummeted.

And, most importantly, if Klody is right, we should also buy foreign currencies, especially those issued by emerging markets. Sooner or later, the president will need to drive down the dollar, and for those based in the U.S.

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