Jay-Z Drops Dollar For Currency Rhyming With... "Pros"

Moe — Wed, 14 Nov 2007 15:50:13 EST

First came Gisele, now Jigga: Bloomberg News reports that currency traders are selling dollars — as if they needed an excuse! — in response to a scene in Jay-Z's new video for the movie American Gangster in which he "thumbs through a wad of 500-Euro notes." (To be sure, emails a Fed watcher: "you really don't know from the video whether it's actually him thumbing thru the euros.") "The hip-hop maestro's public loss of confidence with the dollar is seen as having potentially larger ramifications the Brazilian supermodel's more explicit pronouncements last week, because he has shown in the past to be a proven mover of markets, as in the case of his song "Change Clothes" off 2003's Black Album," writes Bloomberg. "'He pledged in that song that he would no longer wear throwback jerseys, and just like that, the liquidity in the throwback jersey market completely dried up,' said one trader on condition of anonymity." And yeah I made that up. [Bloomberg]

ALERT BERNANKE!: Gisele Demands Payment In "Anything But" Greenbacks!

Moe — Mon, 05 Nov 2007 13:00:00 EST

The American dollar is so weak Gisele Bundchen refuses to be paid with it anymore. The Brazilian supermodel officially demanded her most recent Pantene salary in euros, putting her in the esteemed ranks of important people including numerous hedge fund managers, Elizabeth Kucinich, Warren Buffett and his protege Rachel Zoe, with this public statement as to how the Bush Administration's fiscal irresponsibility could sentence the American people to a lifetime of even-more-ludicrously-expensive-than-usual Louis Vuitton. I know, I know: it's kind of confusing: what does Gisele even have to buy for herself? Isn't her life one big gifting suite already? It's mainly symbolic, we're thinking — it's about making us think. And we're all about the deep thoughts.

What's kinda funny, of course, is that a weak dollar could totally help us in this country if we actually exported anything, like the Chinese with chintzy lingerie/lead toys/etc.

Ha ha ha no actually, what's really funny (and thank the nerd-joke gods for Wikipedia!) is that you would have done better this year if you'd gotten your salary in Brazilian Reals. (For Reals!) And, like, the election of their commie pinko leader totally caused a currency crisis a few years back, ha ha ha.

Supermodel Gisele Joins Hedge Funds Dumping The Dollar [Bloomberg]

Jezebel: currency crisis

Jay-Z Drops Dollar For Currency Rhyming With... "Pros"

ALERT BERNANKE!: Gisele Demands Payment In "Anything But" Greenbacks!