Hope all goes well. Spring’s arrived. Migration’s in full swing. The S&P headed north, the USD south. Animal spirits are rising, it’s the season furry fellas get frisky. Of course, if you got no job, underwater mortgage, sleep on glowing tatami mats, drink Guinness, Sangria, etc, it’s still chilly. But those are worries for another season. Overall: Sadly, one-way bets are a rare find, usually got a short shelf li
Jeremy and I were 23yrs old in ’89, when rebellious youngsters tore down the Berlin Wall. By ’92 we’d snuck our way onto Lehman’s proprietary trading desk, in time for the next revolution. The European Exchange Rate Mechanism, a rigid/outdated structure invented by old men, was on its last legs. What fun we had ripping it apart – young men intoxicated by inexperience, ambition and fearlessness. We were just 2 r