Saturday, August 20, 2011

The S&P should downgrade the UK and other European countries too

Jim Rogers : “The U.S. has been downgraded, and countries like the UK that have very high debt will have to be downgraded too,” said Rogers. You can’t have the UK as triple ‘A’ and the U.S. as not a triple ‘A’.”“You need to be asking S&P or Moody’s why they haven’t got around doing that. I don’t think, the European countries deserve their rates,”- in ET Now

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).