Wednesday, November 21, 2007
Mock not the supermodel
Less than two weeks ago, Matty Boy, investment advisor to the stars*, noted that the Canadian dollar had been going great guns since the beginning of the year vis-a-vis the post-Greenspan Greenback. At about the same time, it was leaked that Gisele Bündchen, Brazilian supermodel and consort to Patriots' quarterback Tom Brady, would only take work if paid in Euros, not dollars. Here is what has happened to the three currencies that are currently trading for more than a buck each, and how much they have risen against the dollar since New Year's.
Canadian dollar: was up 25.6%, now up 19.3%
Euro: was up 13.0%, now up 14.2%
British pound: was up 6.2%, now up 4.1%
Yes, Matty Boy may be able to discern what has happened in the past, but a quick flash of Ms. Bündchen's golden hind can make things happen in the present! Gold, silver and the Dow Jones have also taken hits since the supermodel has spoken. The evidence is strong**.
Still, the investment ideas of one very attractive young woman does change the entire world. There is still crude oil, the truly addictive substance of the world's economy.
Crude oil was up 70.6% for the year. It's now up 74.6%. This is less than two weeks later.
* Gotta say it again. Matty Boy knows no stars, and no one takes his investment advice. Boy's crazy, I'm tellin' ya!
** No causation can be inferred.
Now playing: Elvis Costello & The Attractions - Girls Talk