Questions for Head of Global Currency Strategy
Hey guys, I have an opportunity to interview the head of global currency strategy at a major firm. I was wondering what questions you guys would be interested in asking him regarding the business, careers, etc.?
What is the odds of a perfect storm occuring in the markets in 2013? US double-dip recession, China crash, Iran-Israel war(Oil spike), and hmm EU collapse. And how would you position your portfolio with such a viewpoint of a perfect storm.
is tail risk still driving the euro?
with ltro repayment deadlines approaching, will the euro behave the same as before or what new factors could influence it?
has the supply/demand dynamic changed at all?
at what point will other countries join in the "currency wars"? when i can buy a lexus for cheaper than a chevy? when energy and food become prohibitively expensive?
what are some assumptions people make about forex that aren't true? what are some good books for learning the underlying fundamental drivers and nuances of the foreign exchange markets?
how does the use of derivatives factor into their strategies?
what are the goals of the strategies he is working on? protecting clients with businesses abroad or to profit the most from changes in value? both? neither?
what is his background, how did he find himself in this spot?
are there future opportunities in this space for young people? what does he think the playing field will look like in 1 year? 3 years? 5? 10?
how would he have answered the above question 10 years ago, and where would he have been wrong? what did he overlook? why did he overlook them? what did he learn from that?
has japan really lost its internal funding mechanisms for its debt, or is kyle bass just talking his book really loudly? or both? or neither? where does he see opportunities in japan? does he believe those purchasing japanese equities are underestimating the risk inherent in them, or is the supposed risk extremely overblown?
how does he see this newfound cooperation of courts between the BOJ and the government affecting the future of the yen? can interest rates at this level given the inflation targets?
what is the risk that japan will vastly overshoot its inflation target? what does he see as the transmission mechanisms for inflation in japan? i read somewhere once that central banks have a tendency to vastly overshoot because they leave their foot on the pedal for too long, and by the time their target is reached inflation continues rising because they underestimated the effects of what they were doing.
what are the transmission mechanisms for inflation in general, and how are various currency markets pricing this in? do they differ from country to country? if so, how?
does he believe in the idea that those who are short the yen won't survive the ride? (given massive amount of non-yen denominated foreign investments owned by japan and the repatriation that would occur before a collapse). what would cause this repatriation? why does that money have to come back?
what in the hell is going on with the chf? flight to safety from euro to chf, and SNB is selling large amounts of chf. but now chf is weakening. time to adjust to floor? leave it? good or bad idea in the first place? why? why not? what are the specific risks to the swiss economy? are there any nuances that most overlook?
does he believe we are in the beginning stages of the "currency wars"? what does he see as the outcome of this? why? why those things? why again? what's the natural conclusion of all this? a gold standard? ww3? nothing even close to those?
all this talk about the USD weakening and it really hasn't all that much in the last few years. due to rotation out of USD while continual demand for it due to safety? i don't know. what's keeping the USD afloat?
i could go on..? actually curious about these you better report back. please.
Fuck Tupac. You still alive bro?
Fuck Tupac. You still alive bro?
reincarnated as this white undergrad student who cant find an internship, you better believe it
Thanks Tupac. Unfortunately, this interview's only going to be about a half hour long since I'm calling him during work hours, so you won't have all your questions answered
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