Jim Rogers: "Sterling is finished"

purch

he favours agricultural commodities over gold

They are easier to chew, and definately easier to swallow !!!!

Milarky

I've just listened to JR on the radio. Didn't he do the voice of "Phones" in Stringray?

Lansdowne

Jim Rogers I thought that was the 3-2-1 bloke off the telly who worked with Dusty Bin.

jon3001

Jim Rogers: Look no Sterling up my sleeves!


Jim Rogers: ‘UK has nothing to sell’
http://www.ft.com/cms/s/0/5d4a02ca-e7a1-11dd-b2a5-0000779fd2ac.html

Mr Rogers says the two main pillars of support for sterling have been North Sea oil and the strength of the UK financial services sector, in particular, the City of London’s role.

But Mr Rogers says just as North Sea oil is running out, so London’s standing as a major financial centre is set to suffer.

Pound hit by fears for UK's credit rating
http://www.thisismoney.co.uk/news/article.html?in_article_id=468909&in_page_id=2&ct=5

The pound's collapse worsened sharply today as it emerged Britain's public finances are in their worst state since records began after the Second World War.

Sterling crashed below $1.38 and €1.07 as investors took an increasingly gloomy view of the economy and the increasing likelihood that the Government could lose its AAA credit rating.

Interest rates could drop to just 1%
http://www.thisismoney.co.uk/news/article.html?in_article_id=469189&in_page_id=2&ct=5

Interest rates look set to be slashed to a record low next month after the Bank of England today revealed there was unanimous support for this month's cut.

Mr Archer forecast interest rates would fall to a low of 0.25-0.5% by the summer, with a zero rate 'far from inconceivable'.