Monday, November 05, 2007
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.The BBC explains what Powerline says Bloomberg did not:
Gisele B�ndchen is said to be keen to avoid the US currency because of uncertainty over its strength.
...Last week the dollar hit long-term lows against the euro, the British pound and the Canadian dollar.
From a few weeks ago, read this post by Menzie Chinn, you see others are also not investing. When a supermodel chooses to throw in with Buffett and Jim Rogers, I'd not argue she's engaging in America-hating.