Krugman Says He Plans to Sell Some Brazil Investments

Discussion in 'Economics' started by Debaser82, Dec 4, 2009.

  1. Nobel Prize-winning economist Paul Krugman said he plans to sell some of his investments in Brazil on concern that asset prices are overvalued after record inflows made the real the world’s best performing major currency.

    “I am seeking to get out because of what’s happening,” Krugman told reporters in Sao Paulo. “Not that I see a crisis, but people seem to be loving it too much.”

    What a joke. One of the loudest advocaters and suporters of the multi trillion UDS bailout package (even a critic as he labbeled it too little) turns out to have his cash parked abroad reaping very nice profits due to the obvious Dollar devaluation as a result from the actions taken by the FED which he encouraged.

    And on top of that he has no shame at all, after seeing the USD crash VS every major and non major currency in the world to come out with the statement he plans to sell 'some' of his Brazil exposure..