Christian Broda: Champion Of The USD

Christian Broda is an investment expert, economist, and currently the Managing Director at Duquesne Capital in New York. He has done extensive research in currency and economic trends, and is also an expert in setting up hedge funds. Broda began his economic education journey at the Universidad de San Andres in Argentina graduating Summa Cum Laude, and went on to get both his master’s and Ph.D. from the Massachussets Institute Of Technology. He’s held a position as Professor of Economics at the University of Chicago and has been recognized by organizations such as The National Science Foundation and held a James S. Kemper Foundation Scholar for his field work.

 

Some of his most famous articles such as “Product Creation and Destruction: Evidence and Price Implications”, “Endogenous Deposit Dollarization”, and “Terms of Trade and Exchange Rate Regimes in Developing Countries” have appeared in notable publications such as American Economic Review and Journal of International Economics. His steps to creating a successful hedgefund appeared in a CNN article about a year ago and he has addressed the issues of trends in the global market and international trade. But perhaps what’s set Broda apart from other economists is his belief in the US dollar’s ability to withstand the national debt increase and actually grow stronger due to the need for a stable currency around the globe.

 

Broda’s backing of the US dollar is based off of his work that he’s done in studying the movements of the Bank of Japan and their practice of quantitative easing. It was because Japan’s economic policies were able to maintain a low level of inflation that their economy was able to survive that recession, and Broda believes the dollar can do the same. His advice has been for investors to keep their eggs in the dollar basket because he predicts that doing so will yield higher returns in the long run.

 

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