Posts filed under “Video”
Jim Rogers on Bloomberg TV
The U.S. dollar will be “devalued” as policy makers seek to weaken it, undermining the greenback’s role as an international reserve currency, said Jim Rogers, chairman of Rogers Holdings in Singapore.
“They think that if you drive down the value of your money, it makes you more competitive, now that has never worked in history in the long term,” said Rogers. The ICE’s Dollar Index has gained 19 percent since Rogers said in an interview on April 27 he expected a dollar rally “about now.”
The dollar is “going to lose its status as the world’s reserve currency,” Rogers said yesterday in a televised interview with Bloomberg News. “It will be devalued and it will go down a lot. These guys in Washington, they want to debase the currency.”
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Rogers Says Dollar to Be `Devalued,’ Buys Commodities
Ron Harui and Mike Schneider
Bloomberg, Nov. 25, 2008
Barron’s Associate Editor Michael Santoli discusses what to expect from the markets this week. (Nov. 24)
Look Ahead in Asia: Deflation Fears 11/21/2008
Japan is set to report consumer prices, with markets watching for any wider-than-expected slowdown in inflation. Michael Kitchen reports.
U.K. Chancellor Alistair Darling will be delivering his pre-budget report on Monday, which means tax cuts may be coming. But some companies are wondering how their businesses outside of the U.K. will be taxed by the British government.