One wonders if he is acting on his own belief and business experience, or if he is being fed a confusing diet by some handlers/manipulators.
One thing is for sure, he knows how to use the tools available to him to achieve his short-term ends in a world where most everybody is a moron, and which is not unified, but a group of segregated fiefdoms.
EM’s are happy because the USD is dropping, finally. Everything’s just a swap, I see no organic growth in many markets. If you’re properly diversified you are doing nothing major, and just tinkering around the edges, overweight inflated asset classes.