rich joins us right now along with meg mcclellan. she's head of u.s. fixed income. you. thanking for joining us. what kind of a move are you expecting? >> well, in the short term, i'm not a good short-term trader. i have no idea. but think over the next three, five, seven years we will see the dollar meaningfully appreciate. pretty much reversing what we've seen in the past decade or so. >> really. >> >> why? i think -- currency, everything is relative. in the land of the blind, the one-eyed man is king. i think people have grossly underestimated the problems around the world. that's good for the dollar. i think that's good for them. >> what do you think? i know your message is don't fight the fed or the fed is very clear. they're going to keep rates low. that would suggest a lower dollar, but what about rich's argument? >> certainly. i think in the near term, do you see better numbers out of the u.s. you see concerns around china and europe that could lead to near dollar strength. most u.s. investors are underrisked in non-dollar assets. so we recommend on dollar s