On China & The Dollar

Chinese stocks surged in response to the government’s stimulus plan in September. The government has done little to please investors since. China would be better off stimulating consumer spending via “helicopter money,” Eric explains, rather than trying to boost asset prices and increasing lending. … Also: The US dollar has been strong over the past month. Is that strength sustainable? Yes, we believe, although there are plenty of moving parts in the US and abroad with bearing on the greenback’s value.