Carlos Slim Says Currency War May Mean `Excessive' Commodities Prices

[Jose]

Bloomberg -

By Jonathan J. Levin -

Asked about what Brazil’s Finance Minister Guido Mantega has called a
“currency war,” Slim said Mexico shouldn’t get involved, adding that
the principal players are the U.S. and China. Food commodities prices
are most likely to be affected, said Slim, who was named the world’s
richest man this year by Forbes magazine with a fortune of more than
$60 billion.

“It could provoke many economic problems, above all with some goods
and commodities, which could have excessive prices and greatly affect
the population,” Slim said, speaking to reporters in the Mexican
border city of Tijuana late yesterday.

http://www.bloomberg.com/news/2010-10-20/mexico-s-slim-says-currency-war-may-mean-excessive-commodities-prices.html

[T***@gmail.com]

Why do they talk about the Lebanese/Mexican Slim like he had a Nobel in
Economics? Rich people have a lower IQ than the normal population. Look in
your browsers.

T.Schmidt
P.S. He is no brain surgeon, for sure.

"Jose" <***@todito.com> wrote in message news:f1e13c0c-970f-4463-a14c-***@t20g2000yqa.googlegroups.com...
Bloomberg -

By Jonathan J. Levin -

Asked about what Brazil’s Finance Minister Guido Mantega has called a
“currency war,” Slim said Mexico shouldn’t get involved, adding that
the principal players are the U.S. and China. Food commodities prices
are most likely to be affected, said Slim, who was named the world’s
richest man this year by Forbes magazine with a fortune of more than
$60 billion.

“It could provoke many economic problems, above all with some goods
and commodities, which could have excessive prices and greatly affect
the population,” Slim said, speaking to reporters in the Mexican
border city of Tijuana late yesterday.

http://www.bloomberg.com/news/2010-10-20/mexico-s-slim-says-currency-war-may-mean-excessive-commodities-prices.html