Tuesday, January 20, 2009

Whose economic analysis do you trust more?

Gordon Brown telling you that the UK is "best placed" to weather the economic storm? Or Jim rogers, George Soros's partner and mega-millionaire commodities uber-guru, who has said
"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 U.K."
I know who I'd trust more.
From Bloomberg via ConservativeHome

UPDATE: Crown Blog has the video.

18 comments:

curly15 said...

It's embarrassing being left to trust my own judgement.

Mick said...

I'd trust this guy more too:
http://www.reuters.com/article/bondsNews/idUSLJ11925120090120


Oh, and these guys:
http://business.timesonline.co.uk/tol/business/economics/article5549629.ece

Actually. Maybe not those guys, but I'd love to have seen Gordon's face when he saw that article.

Alex said...

I wouldn't trust Brown and I am sure Mr Rogers is a very competent man, but why would you trust the public statements of a currency speculator? Both have vested interests, but it is hard to tell whose is more vested. For Brown it is an ego thing, but Mr Rogers may be interested in the decline of sterlibg to the tune of several billion.

hatstand said...

[Jim rogers, George Soros's partner]

Hmmm..... Would this be the George Soros who pretty much single handedly engineered Black Wednesday perchance? If so I would venture to suggest he has previous.

Anonymous said...

Nevewr trust anytone who wears bowties if they are not at a dinner.

crackers said...

Rogers may be right and we don't need him to tell us that £ is going south. We are bankrupt. If you don't believe me ask Crispin Odey.

BTW Rogers is a loudmouth who tells us of his winners but never the losers.

Gold.

Richard Holloway said...

Sorry to be a square, but shouldn't the title be 'Whose' economic analysis do you trust more?

I love the blog though Dizzy, just thought I'd point it out so you can correct it. I know you have problems with spelling sometimes through no fault of your own.

dizzy said...

Fixed

nought.point.zero said...

This might be a stupid question, but I've got a few grand lying around in some high street ISA. Should I be worried or am I paranoid?

Pogo said...

I'm with Alex... Rogers isn't making any philanthropic gestures towards his fellow Americans - he's talking up a massive short position on Sterling. I'd trust his words about as much as I'd trust Brown's.

BrianSJ said...

No, even though Jim Rogers is an eminent pundit and successful investor, he has got it wrong. Gordon said it started in America. Jim should listen to the saviour of the world.

Anon anon said...

Alex: "but Mr Rogers may be interested in the decline of sterlibg to the tune of several billion."

Of course, but like shorting stock, if you do it at the wrong time, the stock will break you.

Thatsnews said...

Brian, THIS is how people like Rogers work.

"Gee, folks. I hear that United Widgets is going to suffer from a huge drop in share prices any time soon. Better sell!"

So, as the great pundit predicted, indeed the price of United Widgets shares falls dramatically.

Someone buys up all of these low priced shares.

"Gosh! These United Widgets shares are really low. Much lower than one could expect. They might rise any time soon!"

And once again the propheting (sic) Pundit is right. The shares surge up.

Someone sells all the shares that they bought low and makes a killing.

Lola said...

'Trust' eh?

Put it another way. If you were in the military would you go on patrol with Brown?

Thought not.

Mind you, by all accounts you could easily trust him with your wife.

Oldrightie said...

My trust and forecast is in pictures!

Anonymous said...

O/T Dizzy to you have an emial address or phone number for Guido? His site has gone all funny! Ta!

Lord Snooty said...

"Whose economic analysis do you trust more?"

Brown's. The other guy is a predatory capitalist speculator. He'll do well out of all this.

xel9 said...

uk is bust.


Euro(pe) no doubt will protect yu.