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Jim Rogers quits dollar after declaring US recession
Last Updated: 6:36pm BST 24/10/2007
Jim Rogers, the veteran investor who predicted the 1999 commodities rally, declared that the US economy was "in recession" as he said he would take flight from the dollar and switch his investments into currencies including the Chinese yuan.
Mr Rogers, who ranks among the world's best-known investment figures, said he was putting his faith in China's politically-sensitive currency alongside the Japanese yen and the Swiss franc.
-Jim
Carry a pocket knife ,wear steel toe boots and always make sure that you have the advantage or these savage simians will fuck you up! -- "White Minority" from VNNForum
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-E.E.Cummings
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Posted : 24/10/2007 4:53 pm