Monday, March 18, 2013

Sterling to continue lower


On the Moody's downgrade of the UK economy from AAA to AA1.

I'm a little surprised it took Moody's so long to get around to lowering the credit rating. The UK, the US, and other countries are in serious trouble, and the world seems to know it. It's just the rating agencies that don't know it.

I suspect sterling will continue to go down in real terms against real assets.

Jim Rogers

Warren Buffett

Nouriel Roubini