Platter of Half Baked Ideas

By Louis Basenese. Mr. Basenese is the Associate Investment Director of The Oxford Club and regular contributor to Investment U . The following article first appeared in Investment U. The world is short the dollar right now. But that could be a big mistake… The outlook for the ailing greenback – finally – is getting healthier, which makes it the perfect time to go long. I know this is a wildly unpopular and completely contrarian stance, so let’s get right to it. Here are the 10 reasons I think the dollar’s headed for an inevitable reversal: 1. If Not the Dollar… Then What? With the greenback getting clubbed, China shocked the world recently by suggesting it would diversify away from the dollar. To which I simply say – into what? The likely suspect is the euro, but there’s not enough liquidity to handle the demand. Plus, it’s still a pre-pubescent, experimental currency that not one government can invest in with 100% faith. Moreover, with two-thirds of foreign reserves in d