Exchange Rates

This post by Stephen Kirchner reminds me of conversation I had a month ago with a visiting prof with a similar background to mine in trading. It went something like this:

Visiting Prof: So, are you doing any trading?

Me: No, not really but this market seems to be heading higher

Visiting Prof: Yes, but I have a dollar short here against the Euro. It's worked out well with European interest rates heading higher.

Me: Don't you find it odd that how the financial markets view currency movements is much different than how academic economists explain them?

He laughed as an acknowledgement

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This page contains a single entry by Bob published on January 4, 2007 6:35 AM.

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