1.) Dollar is strengthening.  Janet Yellen said she&#x27;ll raise rates by the end of the year.  Most emerging market currencies have crashed 25-40% this year.<p>2.) Yuan is weakening.  Otherwise Chinese corporate dollar-denominated debts, which is around 1 trillion, will crush the economy right away when the fed raises rates.  Plus the government already signaled it is willing to guide yuan lower a month ago.<p>3.) That&#x27;s kinda like saying &#x27;well, my 3 houses in the hamptons are burning down, but at least wood structure is the strongest right now!&#x27;