Opinion: Obama's Strategies Will Work

I like to write, but I don't like pontificating. I seek instead to raise awareness of important issues and strike themes that investors can act on. I do this from a macro perspective, from the top-down, which is the subject of my latest book, "Investing from the Top Down."

Having written the book, I thought I'd initiate an annual top-10 list of top-down bankable themes for the New Year. Here it is:

1) The U.S. will retain its reserve currency status

This theme is paramount because it answers the question of our age: If the U.S. is backing its financial system, who is backing the U.S.? The question is critically important because the U.S. needs massive amounts of money to finance its efforts to restore stability to its economy and its financial system. If the support exists, the effort will work. If not, financial and economic Armageddon. Thus far, support has been superfluous, as evidenced by the low level of Treasury yields, continued sufficient bid/cover ratios for Treasury auctions, and 2008's rebound in the U.S. dollar. The reason I am siding with the view that the U.S. ...