Periscope: How Hot Money Is Pushing Oil To $100 a Barrel And Beyond

These developments could spark what market pundits call the "point of recognition"—the moment when the public finally wakes up to a market trend, usually a sign that it's far gone. Jay-Z, of course, surely knows exactly what he's doing: the man from the Brooklyn Marcy Projects has already built an empire worth more than $500 million. "Of course Jay-Z is using euros instead of dollars," says Rafi Kam, the founder of Oh Word, an American hip-hop blog. "He's very aware of what has the most value, regardless of where it comes from in the world." Soon enough, 50 Cent might need to rechristen himself 50 Pence.
—Jessica Bennett

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