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.
2 comments:
Thanks, KD. I've had "It's So Easy" by Guns -N- Roses in my head all day...
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http://www.bloomberg.com/apps/news?pid=newsarchive&sid=awQzRIHP_ZPw
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