Posted in Forex on May 9th, 2008
Warren Buffett said that the Canadian dollar is likely to outperfom the U.S. dollar in coming years. He himself had bought a couple of billion dollars worth of Canadian currency some time ago. However, he regreted that he didn’t buy more and kept them longer. He also continues to hold the Brazilian real.
It appears the federal government is likely to follow policies that will make the dollar even weaker. Warren Buffett continues his bearish stance on the U.S. dollar but does not feel the need to hedge on other currencies.
As a result of the weakening U.S dollar, Warren Buffett said he was happy to invest in overseas companies as currencies in those countries are not likely to decrease relative to the U.S. dollar.
Posted in Forex, News on Nov 7th, 2007
Just yesterday, I wrote a post about supermodel Gisele Bundchen dumping the US dollar. The source of my news was from Bloomberg. Apparently, the news was not so accurate. Gisele Bunchen’s manager, Anne Nelson, has pointed out that the information was completely fabricated and untrue.
Oh well, even Bloomberg gets it wrong sometimes.
…Continue reading » Bloomberg Got it Wrong on Gisele
Posted in Forex, News on Nov 6th, 2007
Brazilian supermodel Gisele Bundchen has joined Warren Buffett and other billionaire investors in concluding that the US dollar is going to depreciate further. Patricia Bundchen, her twin sister and manager, said that contracts in Euros are more attractive. “We don’t know what will happen to the dollar.”
…Continue reading » No More US Dollars For Supermodel Gisele Bundchen