2015 is perhaps the first year in which, in nearly a decade, when discussing asset returns one has to ask “in what currency” for the simple reason that the USD itself is one of the best performing “assets”, having soared at a pace unseen in decades and having led to a crippling of corporate profitability and a tumble in the US economy (even as the Fed still blames the dramatic Q1 weakness on the winter and a port strike).