The skinny on the dollar

For a few precious hours this morning, the drones who cover economics were able to stop thinking about dreary numbers, and concentrate on supermodels instead. It was widely reported that Gisele Bündchen, that most super of supermodels, was refusing to accept payment in dollars. It was said she insisted on euros for her services. What does it all mean? economics writers wondered, while dreaming of thin bodies in lacy undergarments. Nothing, it turns out, since Bündchen’s manager has announced the story is false.

A fun, if short-lived story– but tucked away at the end of BBC’s Bündchen story is some more disturbing news.

Even if Gisele isn’t worried about the health of the dollar, Warren Buffet and Jim Rogers are.

Last month, billionaire investor Warren Buffett said that he was not confident about the strength of the dollar.

“We are still negative on the dollar relative to most other currencies so we bought stocks in companies that earn their money in other currencies,” he said of his Berkshire Hathaway investment vehicle.

And last week, Jim Rogers, a former investor partner of George Soros, said that he was selling his home and all his possessions to buy Chinese currency, the yuan.

Still, according to her manager, the world’s top supermodel isn’t worried. That’s got to be worth something, right?

Tags: BBC, dollar, economics, euros, Gisele Bündchen, Jim Rogers, Warren Buffet, yuan