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    The UK is finished... sell any sterling you might have

    This is what Jim Rogers says, a partner of George Soros the (in)famous currency speculator. Rogers is a commodities/China investment expert.

    He also said that the currency will fall below its record low of $1.0520. Such is the confidence that investors have in the UK economy and the present Government's economic policy.

    That is not all. The EU is saying (yet again) that we will be worse hit by the recession.

    It does not stop there. I was at a conference last week talking to the top investment managers and much of what they say is revealing.

    Do you realise that investment grade Corporate Bonds are pricing in default rates of 5 times the level of the Great Depression! These are people putting their money where their mouth is. Hopefully it will not be that bad and if not CB investors will make handsome profits over the next few years. (Dont invest in them though without advice, whatever you do)

    This Government is floundering around in desperation and is being seen to do so.

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