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Feb

11

“Euros Accepted” in New York City, by Supermodels

February 11, 2008 |

Late last year Gisele Bundchen made Bloomberg News (and the Financial newswire, generally) by rejecting dollars in favor of Euros and other currency for her modeling contracts. Then rapper JayZ became famous for featuring fingers flipping through the “bling” of stacks of Euros — instead of the customary dollars — in an high profile music video. A week or so later India announced the Taj Mahal and other major tourist destinations would no longer accept the falling dollar, while tour operators in other nations like Peru and Vietnam have found the dollar is no longer as welcome by the locals as it was just a few years ago. Last week we were treated to headlines that signs saying “Euros Accepted” have been popping up through New York City.

With the theme now drifting to money management, one wonders what’s next. If the Fed’s policy of dropping interest rate and opening the easy money spigots is any indication, a lot more.


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