Hedge Fund Mgr. David Murrin: Sell Dollar as U.S. Influence Ebbs

“The recent rally for the dollar will not last and should be used as a chance to short the greenback as America’s geopolitical influence ebbs away, according to David Murrin, a hedge fund manager and author of Breaking the Code of History

“US political influence ebbs by the day and unlike the UK, which handed the burden of empire to the US, America cannot pass on the responsibilities of being the West’s policeman to anyone.” said Murrin, who runs the Emergent Asset Management fund.

As President Barack Obama prepares to make a landmark speech on US policy in the Middle-East, Murrin said his decision to cut $400 billion from the defense budget was the wrong call.

“The commitment to cut $400 billion from the US defence budget at a time when the appraisal of the new Chinese J20 fighter as regional game changer in the strategic balance suggests that madness is infectious; he must have been spending too much time with (UK Prime Minister) David Cameron,” Murrin said.”

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