- Friday May See 'Risk Trade' Stalling; Dollar in Focus
- Job Market Politics to Keep Interest Rates Low
- AIG, Symbol of Crisis, Watches Its Stock Zoom Back
- Disney Profit, Sales Top Street Forecasts; Shares Jump
- Bill Gates Praises Apple's Jobs for 'Saving the Company'
- Cities With the Most Home Price Reductions
- Is Euphoric Market Ignoring Warning Signs?
- Video Game Sales Plunge, but Have They Hit Bottom?
- Despite Rhetoric, Obama Has Few Options to Boost Jobs
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Gold Is a Bad Inflation Hedge—Like Oil: Stock Picker
- Intel's Andy Bryant Offers An Explanation
- US 'Actively Working' on Weaker Dollar: Fund Manager
- Options Boil on Biotech Buyout Rumors
- Warren Buffett's $100,000 Offer and $500,000 Advice for Columbia Business School Students
- Activision Blizzard's "Modern Warfare 2" Sales Break Records
- 5-Star Manager's 5 Stocks for Changing Markets
- What's The Forecast from Retailers? Proceed With Caution
MOST SHARED
- Warren Buffett and Bill Gates Share Their 'Optimism' With Eager Columbia Business Students
- Pharma & Social Media
- Cities With the Most Home Price Reductions
- Warren Buffett's $100,000 Offer and $500,000 Advice for Columbia Business School Students
- China Fourth Quarter Growth Could Hit 10%: Official
- Disney Profit, Sales Top Street Forecasts; Shares Jump
- Housing Recovery 'Still In Uncharted Territory': HUD Secretary
- Disney CFO and Parks Chief to Swap Roles
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
Text Size 
The euro will not be around in the next 20 years, but Britain would have been better off had it joined the single European currency when it had a chance, legendary investor Jim Rogers told a British newspaper.
"Not being in the euro is a competitive disadvantage," Rogers told UK paper "Metro."
"It makes it more expensive and more cumbersome to do business with the rest of the world. But I am not sure the euro [EUR-TN
Loading...
()
] will last 20 years," he said. "The Italians and Germans will be in chaos because they have no plan B."
Also in the next 20 years China "may well be the largest economy in the world," Rogers said.
He reiterated his view that the pound [GBP-TN
Loading...
()
] will continue to weaken, as the City of London suffers because of the financial crisis and North Sea oil is drying up.
Britain is "a deeply indebted nation, the government is spending gigantic amounts of taxpayer money propping up banks which should have been allowed to fail," Rogers said. "If I was a British taxpayer I'd be totally outraged!"
He could not forecast an end for the economic troubles.
"We're certainly not out of whatever we're in and whatever we're in is getting worse," Rogers said.
For those worried about their future prospects, his advice was: "if you speak Chinese, go to China. Or try farming. I'm more optimistic about agriculture than any other industry. If not farming, anything to do with raw materials or natural resources."
Print
Email
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- They may have wrecked their companies or saved our economy. Tell us what you think.
- Big pharma embraces social media, but how much should a tightly regulated sector say on Facebook or Twitter?
- A European dating site finds lovelorn singles from one country to be consistently uglier. Which is it?
- Contributor David Pogue looks at two of the latest efforts to perfect the digital pocket camera.
- PepsiCo is ramping up its onsite health facilities for workers.
Data is a real-time snapshot *Data is delayed at least 15 minutes