euro recovery

Three-months euro chart

Anyone remember the foolish talks by prominent currency experts and economists? I suffered back then. I suffered because sometimes it seemed I was the only one to insist that the euro would survive the attack. But more I suffered because I had to realize how many arrogantly stupid people are out there not only in high places, but also among academics, among investors, among writers and commentators. I also learnt that in order to stay prominent with the media you have to say what they want to hear. Well, I exaggerate. In fact, I knew all that already a long time ago.