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NEW YORK – The United States economy headed for a recession, said John Taylor, President and CEO of the investment of concepts FX and which will be probably benefit the dollar and weigh on the prices of raw materials.

"This is a new recession." Grossissons already, but the figures show United States remains the principal creator of this growth, Government said Taylor, who leads the most big hedge fund currency in the world with assets under management of $ 8.5 billion.

"I would say that by the middle of the year next, we are in a recession and our tax hands will be linked".

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Banks in a recession tend to require repayment of the loan, and if the debt is denominated in u.s. dollar - and in most cases, they are - then investors are eager as they scramble to find billions of dollars to pay off the debt.

This is what happened in late 2008 when the safe-haven dollar strengthened against most major currencies.

"This is a kind of perverse." When the u.s. economy hurts, the dollar back and when the economy is doing well, the dollar goes down.

For now, all eyes are on the euro area faces a crisis of debt. Theoretically, at a given time that the euro could disintegrate, Taylor said.

"That Europe is not enough." "They must have some Eurobonds," says Taylor. "You only lend money to the Ireland or Greece." You're just piling on debt more for them, and it becomes harder and harder to repay. ?

Taylor said that Portugal could be the next country to seek a bailout after Ireland with the Spain. This will push the euro parity against the dollar next year, it provides. Trade in New York at the beginning, the euro was down 1% to $1.3277.

It recommends the euro against the Swiss franc, a currency sale whose economy has fared better than most European countries.

Head of FX concepts is also declining commodity, predict that this asset class will slow next year as the US economy goes into recession. Expected to be negative for the currencies linked to commodities such as the Australian and Canadian dollars.

He said the Australian dollar, which have been the best-performing currency so far among group of 10 rich countries, currencies with a gain of approximately 10% over the year, pourrait slide 15-20 percent.

FX concepts employs several investment strategies. Global currencies, program that invests in developed and major emerging market currencies lights 4.26% in November, but its annual return for 2010 is estimated at 12.03%.

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