Back on November 2nd, I did a Slope Plus post called Shorting the Continent, in which I suggested shorting the Euro. You can see what’s happened since then:
The referendum in Italy, it appears, has lost, which is causing some nasty slippage as I type this on Sunday afternoon:
I had thought – – erroneously, it seems – – that we might get a bit of a bounce before continuing the slide to parity that I predicted. The bounce had an awfully short lifespan. Let’s just say 2017 is going to be very, very interesting on the world financial stage.
