French Investor – Location – Paris 2015
Jean Claude wakes up on New Year’s Day 2015 with a tremendous headache from a late night at his favorite bistro. Grabbing a coffee and a copy of La Monde he reads that the Euro is trading at 1.20 versus the dollar. Even through his blurred eyes, Jean Claude is convinced that the Euro is headed lower because his central bank, the ECB, has said it will lower rates. As a savvy global investor Jean Claude knows that, generally speaking, lower rates and slower relative economic growth typically mean a weaker currency. What is our hungover Parisian investor to do?