“Devaluing a currency,” one senior Federal Reserve official once told me, “is like peeing in bed. It feels good at first, but pretty soon it becomes a real mess.” In recent times, foreign-exchange incontinence appears to have been the policy of choice in capitals from Beijing to Washington, via Tokyo. The resulting mess has led to warnings of a global “currency war” that could spiral into protectionism. [WSJ via DI]
Which Federal Reserve Official Would Totally Pee In Bed If He Didn’t Have To Strip The Sheets Afterward?By Bess Levin
[via Mark Frauenfelder]
We’ve narrowed it down to people who own or have access to a private jet and have been known to appreciate the birds of prey. So it could be Prince Alwaleed, and we want it to be because Team Citi could use a pick-me-up in the form of an impromptu falcon petting zoo day at HQ, but it could also be someone else. Help us out here.
Which Hedge Fund Manager Likes To Pair His $5,000 Bottles Of Wine With A Couple Bacon-Wrapped Hot Dogs?By Bess Levin
During the years of 2005-2009, I had the amazing experience of being a sommelier at Veritas Restaurant. At this time Veritas, arguably, had the best restaurant wine list in the US. I opened more great wines during those four years than I will probably ever open again in my career. One gentleman that opened more than half of those amazing wines was a hedge fund manager. He was a common fixture at the bar and had a deep love for old burgundy. He preferred large formats, which meant he would usually need help drinking the wine, a role I was happy to take on. He also loved Crif Dogs, which we would have delivered for him late in the evening. One night, over a few B.L.T. Dogs and a magnum of Domaine Leflaive Batard-Montrachet 1986, he starts eyeing the vertical of Henri Jayer. It was a producer he had had before, but only a few times. This was also the spring of 2007 and Mr. Jayer had passed away only a few months earlier. After a bit of discussion, he decides to go with Vosne Romnee Cros Parantoux 1985, a steal at $5,000. This was the first, and at this point in my life, the only time I’ve ever had this wine. To say the wine was magical would be an understatement, and Crif Dogs have never tasted the same… [Eater]
Blind Item: Which East Hampton Visitor With $100 Million In His Savings Account Must Suffer The Indignity Of A $2.75 ATM Fee Like The Rest Of Us? (Update)By Bess Levin
And has no time for pedestrian moves like throwing out the receipt or ripping it up after taking out some cash? Read more »
Better than losing things like your life, family, house, possessions, etc, though it’s unclear if the LPs have made it to the the ‘perspective’ stage just yet. Read more »
With Rose McGowen. Read more »
Guess correctly and you’ve got the answer to today’s Page Six blind item which asks, “Which well-known moneyman had sex with four young and attractive Asian women within five hours at his New Year’s Eve bacchanal?” Read more »
Blind Item: Which Firm Employs An Investor Relations Girl Sending Out The Following Pitch To Family And Friends?By Bess Levin
Subject: I need a job! Help me guys!
Hey lovebirds! Anyone getting married soon? Want to communicate something to your new husband or wife? Want it to be, “I work all the time and I’ll pencil you in when I can” and/or “I hate you”? Might we suggest the the following? Read more »
Charlie Gasparino is apparently going to reveal the winning answer shortly but for those of you whose offices don’t have the TV’s turned to FBN, let’s take some stabs at it. Historically, Meredith Whitney has been the analyst with whom the bank has had the most beef, so she should be the first name that comes to mind. We can confidently cross her name off the list, though, ’cause they don’t have the balls. I suppose it could be Dick Bové but are they really looking for another tear-streamed freak-out? Probably not. So, who then? Mayo? Some bucket shop pissant you’ve never heard of so C can feel like a big man without having a certain dominatrix shove a shiv up their asses?