richest man alive ist us dollar short !

Microsoft's Gates, World's Richest Man, Bets Against the Dollar
2005-01-28 19:45 (New York)

Microsoft's Gates, World's Richest Man, Bets Against the Dollar

By James Hertling and Simon Clark

Jan. 29 (Bloomberg) -- Bill Gates, the world's richest
person with a net worth of $46.6 billion, is betting against the
U.S. dollar.
``I'm short the dollar,'' Gates, chairman of Microsoft
Corp., told Charlie Rose in an interview in front of an audience
of about 200 at the World Economic Forum in Davos, Switzerland.
``The ol' dollar, it's gonna go down.''
Gates's comments reflect the same view as his friend Warren
Buffett, the billionaire investor who has bet against the
currency since 2002. Buffett said last week that the country's
trade gap will probably further weaken the dollar, which fell 21
percent against a basket of six major currencies between January
2002 and the end of last year.
``It is a bit scary,'' Gates said. ``We're in uncharted
territory when the world's reserve currency has so much
outstanding debt.''
The U.S. is borrowing to finance record budget and trade
deficits. Total U.S. government debt stood at $7.62 trillion as
of Jan. 27, up 8.7 percent from a year earlier.
Forbes magazine's list of billionaires ranks Gates, 49, No. 1.
Buffett, 74, is second, with more than $30 billion. Almost all of
it is in Berkshire stock.
The two have been friends for years, taking vacations
together and playing online bridge. Gates in December joined the
board of Berkshire Hathaway Inc., the investment company that
Buffett runs.

   

 

(wenn man nicht unbedingt auf einen OS setzen möchte)

Gruß

Twinson_99

Your-Investor.com

 

 

.

12-29-04 06:00 PM

Lite reading for the bored and restless...

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"Warren Buffett, the oracle of Omaha, has $20 billion riding against the dollar and despite the currency's most recent tumbles here at the end of 2004 that have some calling for a reversal of teh trend, he's still letting the position run, Forbes is reporting.
The magazine says that Buffett was sounding more bearish than ever in a recent interview. "What we got was more doom and gloom, more than we have ever heard from the man. In other words, he is not about to cover his short position on the dollar," the magazine wrote.

Buffett has made the bet through Berkshire Hathaway (BRK-A), his all-purpose investment vehicle that owns everything from car insurer Geico to the Nebraska Furniture Mart. A year ago, Buffett had $12 billion on the line. In May, he told Bloomberg News that he had added "more than a little bit" to the position without being more specific. The latest Berkshire quarterly filing had the bet shorting the dollar in favor of the euro, the pound and a handful of other currencies up to $20 billion as of Sept. 30. And as of the end of the quarter, Berkshire made $412 million.

The dollar has taken a steeper fall since George Bush was reelected, so Berkshire's fourth quarter gain could be rich indeed. "If we have the same policies, the dollar will go down," Buffett told Forbes.

   

 

The dollar hit a new low in December against the euro and has been falling against other major currencies on concerns about the ever-growing U.S. trade and budget deficits.

Fan said last year China lost a good opportunity to do revalue its currency, in July and October.

"High pressure, we don't do it. When the pressure's gone, we forgot," Fan said, to laughter from the audience. "But this time, I think Chinese authorities will not forget it. Now people understand the U.S. dollar will not stop devaluating."

Asked how speculation about revaluation could be curbed, he noted that China imposed a 3 percent tariff on Chinese exports.

Some Chinese experts say that perhaps inflation can be reduced this year, "but I'm not that optimistic," Fan said, noting that fuel prices keep rising.

"So maybe China (will) have 4-5 percent inflation in 2005," he said.

Fan, whose nonprofit institute specializes in analyzing the Chinese economy, stressed that the country's development is a long-term process that will take decades, maybe a century.

Since China's economic modernization began over a decade ago, 120 million rural laborers have moved into cities, but another 200 or 300 million people need to move into the cities from the countryside to spur development, he said.

"The income disparity is huge, and income disparity will stay with us for a long time, as long as those 200 to 300 million rural laborers stay in the countryside," Fan said.

Nonetheless, William Parrett, chief executive of Deloitte Touche Tohmatsu, told the panel that Chinese companies are making significant progress in becoming global giants, led by state-owned companies.

"It's probably at least 10 years before the objective of the government of 50 of the largest 500 companies in the world being Chinese" is achieved, he said.

   

 

und dax auch.

greetz uedewo

 

füx

Soros said he expected the U.S. currency to extend its three- year slide, as officials and executives from the U.S., Europe and Asia at Davos blamed the U.S. budget and current account deficits for causing a plunge in the dollar. Microsoft Corp. Chairman Bill Gates, the world's richest man, said yesterday that he's betting on a further slide in the dollar, calling the deficits ``scary.''

The dollar has dropped 47 percent against the euro since 2001. The dollar was little changed at $1.3038 per euro in trading yesterday in New York.

Federal Reserve spokeswoman Michelle Smith declined to comment on Soros's remarks.

While the dollar has fallen 2.8 percent against the currencies of its 30 major trading partners during the past year, it's fallen more against the euro, 4.8 percent, because many Asian countries link their currencies to the dollar, limiting changes in their value.

The U.S. current account deficit will likely cause the euro to continue to gain against the dollar. Because Asian currencies are linked to the dollar, their value won't change as much as the euro.

``Obviously, the dollar is already undervalued against the euro,'' Soros said. ``It has every sign of getting more undervalued, because all the adjustment is between the dollar and the euro.''

bill, soros, buffett... die "wissen" alle der greenback
fällt weiter?

genau seit dem 29.01. hat der dollar aber die andere
richtung eingeschlagen!


ein schelm wer böses dabei denkt.

   

 

...diese news sind ein idiotensicheres signal.
dollars und dow-werte zu kaufen, natürlich.
mittelfristig irrt die herde immer.