The Melancholy Korean

“Hey, thanks for coming up.”

“No problem, Mell. That’s what friends are for. What’s up?”

“I want to call a bottom in the dollar.”

(silence)

“Not bad, Mell. I was thinking the same thing this morning.”

“How long before those fruits in Europe cut rates?”

“Exactly. But it’s gonna be soon. Has to.”

“God, they think they’re so special, don’t they?”

“Don't tell me.  I know.”

“Decoupling this, decoupling that.”

“I know, Mell. No chance.”

“I’m sensing a dramatic recoupling on the horizon. What do you think, captain?”

“I might start nibbling on the dollar here. That’s not a terrible trade. Small size, though. Gotta have some balls...”

“I think you mean an elephantine pair of testicles.”

“Not that big. More like puppy balls. Everyone’s going into the tank, and they’re gonna have to cut rates. Bernanke’s done after Wednesday. He’ll get lynched if we get below two percent. I mean, shit. A bagel costs a buck ten now.”

(silence)

“Hey, Mell. Almost forgot. Did you buy any Citi? Stock’s up like two bucks. Almost ten percent. You see that? I should start charging you commission.”

“Only if you take my losses in Nortel. That is one ugly piece of shit you got me into, captain.”