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Books
Luis Palau
The SuperModel Barometer
Lets just call this the SuperModel barometer. Actually it is sort of a contrarian thing. But here is how it goes. Due to the fact that the media and its’ compadres have berated America throughout the world, even SuperModel’s are flexing their economic muscle and requiring payment in foreign currency not US currency as previously had been the form of currency within the SuperModel industry.
Point in question is Gisele Bundchen, a Brazilian Citizen, who is considered to be the world’s riches SuperModel (I don’t know if that would include the proceeds from Christy Brinkley’s divorce or not) is now demanding to be paid in almost any currency besides the U.S. Dollar. I love it when people decide to make the switch on commodities “after” the revaluation has basically already occurred. The actual really smart people (i.e. savvy Europeans) are flocking to the U.S. right now (even as we talk) and looking to buy some really depressed U.S. Real Estate with some really cheap U.S. Dollars (that they can purchase at an impressive discount) thus giving them a strong potential for maybe an historically attractive “double play” in U.S. investments.
This is a more learned and quite a diametrically opposite view than that of Gisele’s, though maybe not as politically correct. And……..all of this because she and other celebrities have concluded that America, under George Bush (don’t you just love this predicate) is living beyond its means. And just think, this criticism comes from someone that has gotten rich promoting among other things “flip-flops” at $250 per pair. I guess this came to light last week at a time when the U.S. Dollar reached $1.4528 per Eurodollar, a record low.
So this may indeed signal market exhaustion (to coin some previous market terminology of my prior days) and could well signal the low or near low of the dollar. So I wouldn’t bet my last nickel that Gisele and some of the other “forward” looking celebrities are getting on the right horse at the right time. Time will only tell if she is a genius or an idiot. You know where my money is. FOOTNOTE: I wonder if in the fullness of time it is possible that we will learn that George Soros (that world renown currency speculator) is more behind the collapse of the US dollar than George Bush. MORE
Get Out of Jail Free
Paris Hilton (against all odds and direct orders from the judge) is out of jail after spending 3 day at Hard Labor (ha). I feel sorry for her, but not Al Sharpton. He is already out there turning it into a racial issue.
He says she got out because she was white and rich. He has been lamenting the time he was incarcerated because of a protest sit in and he went on a Hunger Strike. The jailers sent Doctors in every day because of risks to his health, but he complains that they didn’t let him out for medical reasons. He says if she was a white coal miner’s daughter or a rich Hip Hop star she would still be in jail. I wonder if Read more