Last night’s predictable – essentially telegraphed – move by ECB President Mario Draghi which knocked 2 big figures off the Euro shows exactly the point I have been making about black swans being able to hide in plain sight. Readers know I can’t fathom why Euro was sitting above 1.30 so at just below 1.30, 1.2939 this morning, it’s still got plenty of room to fall. 200 points to the 2013 low and then another 7 big figures to the 2012 low – if Draghi is channeling his inner Kuroda and the US economy is on the mend this level is not out of the question. Thankfully I didn’t get lured into a long pre-ECB but Iwasn’t ... (full story)