It wasn’t too long ago Jim Rogers gave his thoughts on the state of the European economy and the British pound. Now, in an interview with Sky News, Jim Rogers reminds our British friends across the pond his gloomy outlook. These comments come a day after Standard and Poor’s revision of Britain’s AAA rating to a negative outlook.
“Of course it’s going to come, it’s going to come in the US as well,” Mr Rogers told Sky’s Nina de Roy.
“The US should be downgraded already if you ask me, and the UK as well.”
“Both the US and the UK unfortunately both have gigantic debts, and both sets of politicians are making mistakes,” Mr Rogers said.
“They’re pouring huge amounts of money into the economy which is going to make some things look better for some people for a while, but it won’t last.”
Crucially, Mr Rogers believes the famous rating agencies are scared of revealing the dire state of American finances.
Click here for the complete interview
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May 23rd, 2009 at 9:08 pm
Hi, nice posts there
thank’s for the interesting information