Still in Colorado but saw this and thought it was interesting enough to take the time to put it on here especially considering what is going on with the UK banking system. I have said numerous times. England is in trouble. Jim Rogers is the first big name in finance to say it so directly.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWkTImFCIfEU&refer=home
“I would urge you to sell any sterling you might have,” said Jim Rogers, chairman of Singapore-based Rogers Holdings, in an interview with Bloomberg Television. “It’s finished. I hate to say it, but I would not put any money in the U.K.”
and
“Sterling has struggled due to the announcement of the new policy measures, in addition to reports of big losses in the U.K. banking sector,” Ashley Davies, a currency strategist at UBS AG in Singapore, wrote in a research note today. “We continue to see bearish sterling views being expressed through the dollar.”
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