Luck of Irish drives euro lower.

Posted on Nov 23, 2010 by in Letters

http://stockcharts.com/h-sc/ui?s=FXE&p=D&yr=0&mn=6&dy=0&id=p88765093810&a=203282122

It appears to us that the euro has resumed its long term downtrend.  Whether it's the fault of the Irish or Goldman Sachs or the Germans does not concern us, though we are certain that if they listened to us the European economy would be in a lot better shape.  But that is also true for the US economy, where Geithner never returns our calls.  And Congress ignores us.  Well, as the Spanish say, Living well is the best revenge.  For us trading on their incompetence is the best revenge.

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