Where are we? Our best guess!

Long-time readers know we are big fans of the boom-bust theory of price action, as first I saw articulated by George Soros back in 1987 in his book, Alchemy of Finance. (It is by the way the same time I learned of Karl Popper and the black swan; and name our firm accordingly, back in 2003.)

We use the boom-bust construct to help us understand better, but never with anything approaching perfect knowledge (if one can ever approach such a thing), where we might be in the current cycle regarding the dollar.