It’s So Easy In Hindsight

My friend Ted sent me this story yesterday – a flashback from November, 2007.  All you really need to know is the headline: “Rappers join models in insisting on Euros as Greenbacks fall further out of fashion.”  In hindsight, I can only facepalm myself, and wonder how I didn’t recognize one of the greatest contrarian signals of my generation.  Rappers & models….
-KD
note: to be fair, the Euro (vs USD)  is only now trending below the Nov 2007 level, so if the rappers & models were quick and nimble with their FX trading, they could have made out great on the trade.

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