"History is a wonderful thing, if only it was true"

Wednesday, May 19, 2010

Great predictors

Who to turn to for investment advice?
Note that when this was published the Euro was going for between $1.45 and $1.50 ... late 2007
Today - went through $1.25 like hot knife through butter ... with fear for it's future.

Rappers join models in insisting on euros as greenbacks fall further out of fashion -
Americas, World - The Independent

Pay attention as you watch the catchy new music video from the mega-star rapster Jay-Z, "Blue Magic", and see if you can't spot the product placement. It is not a fancy car that he is endorsing – although both his rides, a Rolls- Royce and soft-top Bentley, are plenty spiffy – but rather a currency – and it is not the dollar.

Like so many in the hip-hop genre, the song is a celebration of ostentatious wealth. But capturing the attention of commentators in this clip, shot in the glimmering, neon-lit canyons of New York City, are the repeated glimpses of flickering wads of €500 notes. Jay-Z has thus performed a currency defection: the dollar is not just down, it is out. The euro is the new bling.

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