Getting closer

In recent notes, Hendry has suggested that the dollar is “the new gold standard,” and that it would be better to devalue the dollar than to continue focusing on QE initiatives. He argues that this would be “hugely bullish” for stocks.

“When I look at the world of macro, I think it’s telling us that we need a lower print on the dollar itself,” he told CNBC on Monday. “I think we need the Treasury, and not the Fed, to step up to the plate and tell the world ‘we’re going to target 70 or 60 on the dollar index.’ That would change the world.”

independent macro advisor Hugh Hendry

No need  shout it, just make it normal. The US will devalue at the rate of 2% per year, for 15 years, using single entry accounting at Treasury. This guy is an off and on investment manager.