The U.S. dollar is strong – really strong. It’s already become a major headwind for big tech companies that earn a boatload of their profits overseas.

For one, a strong dollar makes U.S. exports more expensive for foreign buyers. It also means that U.S. companies make less when they convert that revenue back into dollars.

But while the dollar is strong, it has even further to go.

The US Dollar Index Will Rise in the Next Crisis

As the chart shows, even though the dollar has shot up over the past year and a half, it could get much, much stronger in the next global financial crisis.

As deflation sets in around the globe, many think the U.S. dollar will suffer. But like John said, it has the advantage of being the world reserve currency. Or as Harry and Rodney like to say: “It’s the best house in a bad neighborhood.”

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John Del Vecchio
In 2007, John Del Vecchio managed a short only portfolio for Ranger Alternatives, L.P. which was later converted into the AdvisorShares Ranger Equity Bear ETF in 2011. Mr. Del Vecchio also launched an earnings quality index used for the Forensic Accounting ETF. He is the co-author of What's Behind the Numbers? A Guide to Exposing Financial Chicanery and Avoiding Huge Losses in Your Portfolio. Previously, he worked for renowned forensic accountant Dr. Howard Schilit, as well as short seller David Tice.