2 replies to this topic

[Rogerdodger]

Supermodel Bundchen Joins Hedge Funds Dumping Dollars
LINK
Nov. 5 (Bloomberg) -- Gisele Bundchen wants to remain the world's richest model and is insisting that she be paid in almost any currency but the U.S. dollar.

Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who Forbes magazine says earns more than anyone in her industry, is at the top of a growing list of rich people who have concluded that the currency can only depreciate because Americans led by President George W. Bush are living beyond their means.

Even after the dollar lost 34 percent since 2001, the biggest investors and most accurate forecasters say it will weaken further as home sales fall and the Federal Reserve cuts interest rates. The dollar plummeted to its lowest ever last week against the euro, Canadian dollar, Chinese yuan and the cheapest in 26 years against the British pound.

[n83]

no laughing lol matter..she has more dough than most of us here combined-gg beauty and brains.. and she is being advised by her big dough advisors..so not her individual decision am sure.. so no laughing matter-g

Edited by n83, 05 November 2007 - 09:48 PM.

[dcengr]

George Soros talks about Reflextivity.. I'm not 100% sure what he's talking about, but it has something to do with currencies and stretched positions. Currencies are not like commodities because everyone's on a fiat system and for BIG strong countries, ratios are necessarily maintained. Then again, he broke the bank of England. If the dollar bounces, how will this affect the earnings gain that multinationals have been reporting for the past few years? Will the market price this in? Or jubilate that the dollar is no longer a crisis?