Jim Cramer talks trading strategies with Forex expert Douglas Borthwick. Borthwick says he is preparing for a revaluation for the dollar compared to the Japan and Europe. He says that is a reason to short the dollar. Cramer makes the point that this is definitely not the consensus view of the situation.
Borthwick has served as managing director of Chapdelaine FX since its inception in October 2012. He has made many correct calls to his clients and the press regarding macro events -- most recently correctly calling the Brexit, Donald Trump's presidential win and the change in the "Strong U.S. Dollar" policy. The expert was formerly a managing director and head of research and trading at Faros Trading LLC. Borthwick also spent 10 years with Morgan Stanley in New York and London managing the Asian NDF and the G20 deliverable forwards desks. He also ran proprietary trading with Merrill Lynch and ran the Latin American FX trading desk at Standard Chartered Bank.