Reply #34: That Bill Gates quote to Charlie Rose is from January.

[swag]

I'm curious as to whether Bill is going shorter on the dollar. Google News doesn't pop anything up.

His January bet, though rational, hasn't served him too well so far.

On edit: The dollar was at $1.3038/euro when Gates made his January 28, 2005 announcement at Davos. It's now at $1.1992/euro. In other words, the dollar has gotten quite a bit stronger. So if Gates' bet has been constant, he has lost a bit of money.

As US interest rates rise, the dollar is seen as a "higher yield" currency, and foreign bond investors who seek yield will need to buy dollars to buy US bonds. That's one thing that's firming up the dollar these days, massive global imbalances notwithstanding.