US Peso
Because of the US dollar's weakness, we have several times in the past referred to the US dollar as the US peso. As one who is currently traveling in Europe, this reference is currently truly appropriate.
We encourage US-oriented investors to review Savita Subramanian's "Foreign Exposure" portfolio in her monthly Quantitative Profiles report.
If the US's standard of living is going to fall, and Washington is not going to alter monetary and/or fiscal policy accordingly, then US investors need to look for US companies that have exposure to countries that have rising standards of living relative to US standards.
A simple Foreign Exposure screen is a pretty good starting point for looking for such companies, in our view.