Commentary Investors betting on higher inflation and a weaker dollar are about to be very wrong. Money poured into risk assets on the assumption that the Federal Reserve is printing money through its quantitative easing program, which couldn’t be further from the truth. The dollar is about to shoot higher, and investors are completely unprepared for the carnage it will do to risk assets. The Federal Reserve has neither the tools nor the ability to print money. Quantitative easing is nothing more than a reserve swap with the large commercial banks, which is designed to reduce the marketable supply of Treasury securities and to strengthen the dollar. Fiscal stimulus isn’t money printing either, as the U.S. Treasury only can borrow money, not print money. While most investors are bearish on the dollar and believe it will fall significantly in value, there’s an interesting relationship between the dollar and the Fed’s …