Supermodels prefer euros

Currencies, Financial Events, Futures trading

Gisele Bundchen, the world’s richest supermodel, has joined the list of those who refuse to be paid in US dollars. As a Brazilian, she has had plenty of experience to help her recognise a depreciating currency.

According to Bloomberg, she even insisted that a recent contract with US-based Proctor and Gamble for ‘Pantene’ hair products should be paid in euros. Her twin sister, Patricia, explained that ‘we don’t know what will happen to the dollar’.

In terms of common sense, Gisele seems streets ahead of Parisian hedge fund manager Bertrand des Pallieres. You may remember he featured in the blog last August, for his ability to forget that he owned an £80k Maserati, which had been illegally parked near Knightsbridge in London, and towed away.

At the time, I expressed the view that one might not want to ‘trust your money to someone who found it difficult to look after his own car’. But Gisele certainly gets my vote. I shall continue using her shampoo with renewed confidence.

PREVIOUS POST

Subprime claims its first casualties

05/11/2007

Back at the end of August, I suggested that we had only reached the end of Phase...

Learn more
NEXT POST

TOTAL’s new CEO warns on oil supplies

07/11/2007

Christophe de Margerie, the new TOTAL CEO, has burst the bubble of complacency t...

Learn more
More posts
Stock markets risk Wile E. Coyote fall despite Powell’s rush to support the S&P 500
06/01/2019

How can companies and investors avoid losing money as the global economy goes into a China-led reces...

Read
Why everyone ignored my warnings ahead of the financial crisis
16/09/2018

It’s 10 years since my forecast of a global financial crisis came true, as Lehman Brothers col...

Read
High-flying “story stocks” hit air pockets as credit finally tightens
29/07/2018

“Nobody could ever have seen this coming” is the normal comment after sudden share price...

Read
London house prices slip as supply/demand balances change
22/07/2018

London house prices are “falling at the fastest rate in almost a decade” according to m...

Read
Financial markets party as global trade wars begin
03/06/2018

More people left poverty in the past 70 years than in the whole of history, thanks to the BabyBoomer...

Read
China’s lending bubble is history
27/05/2018

As China’s shadow banking is reined in, the impact on the global economy is already clear, as ...

Read
US Treasury benchmark yield heads to 4% as 30-year downtrend ends
22/01/2018

The US 10-year Treasury bond is the benchmark for global interest rates and stock markets.  And for...

Read
Chart of the Year: Bitcoin, the logical end for stimulus policies
18/12/2017

Last year it was the near-doubling in US 10-year interest rates.  In 2015, it was the oil price fal...

Read

Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more

Analytics

Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more