Bye-bye pound

[SantaClaus]

"sterling continued to plunge today and Jim Rogers, who co-founded the Quantum fund with George Soros, the billionaire investor, told Bloomberg: “I would urge you to sell any sterling you might have. It’s finished. I hate to say it, but I would not put any money in the UK”. "

http://business.timesonline.co.uk/to...cle5552136.ece

[bogeyman]

"sterling continued to plunge today and Jim Rogers, who co-founded the Quantum fund with George Soros, the billionaire investor, told Bloomberg: “I would urge you to sell any sterling you might have. It’s finished. I hate to say it, but I would not put any money in the UK”. "

http://business.timesonline.co.uk/to...cle5552136.ece

Bye bye Pound

Hello Euro

[Platypus]

BBC news says pound at lowest level for 7 years.

So like house prices, falling yes but only to values well within living memory

[PM-Junkie]

The run on the Euro hasn't started yet - and it will. And once the warm and fuzzy feeling from the inauguration of Embalmer dies off and people realise that he isn't going to solve things overnight, the run on the dollar will start.

It's going to be an entertaining few months....

[ace00]

“I would urge you to sell any sterling you might have,” Jim Rogers, chairman of Singapore-based Rogers Holdings, said 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.”

I agree - My pension will not be invested in UK companies. Not only are there weak fundamentals but the LSE is done, short sellers are out of control and the government are too dumb to fix it.

[Liability]

The run on the Euro hasn't started yet - and it will. And once the warm and fuzzy feeling from the inauguration of Embalmer dies off and people realise that he isn't going to solve things overnight, the run on the dollar will start.

It's going to be an entertaining few months....

WHS

[bogeyman]

The run on the Euro hasn't started yet - and it will. And once the warm and fuzzy feeling from the inauguration of Embalmer dies off and people realise that he isn't going to solve things overnight, the run on the dollar will start.

It's going to be an entertaining few months....

Embalmer

You're right. He's raised peoples expectations so high, he can only fail to achieve them.

Shame really.

[oracleslave]

Embalmer

You're right. He's raised peoples expectations so high, he can only fail to achieve them.

Shame really.

He has some pretty good 'escape routes' though:

Inherited 2 wars, biggest financial crises most people have seen etc etc.

To be fair to him he has always said 'we can do it together' more that "I can fix it on my own".

[sasguru]

My personal opinion is he's a bit of a Blair type. All gob and no trousers. Let's hope he's got more of a clue though ...

[Mich the Tester]

My personal opinion is he's a bit of a Blair type. All gob and no trousers. Let's hope he's got more of a clue though ...

He’ll struggle to be any worse than the tosser he’s replacing.