Currency Crisis On Way, Says Investorby Lindsay Whipp Recently by Jim Rogers: Dow 1 Million? Sure, Why Not?
Jim Rogers, the international investor and chairman of Rogers Holdings, has warned of a currency crisis within the next couple of years. "I do expect [a] currency crisis or semi-crisis in the next year or two because there are so many imbalances in the world," Mr Rogers told the Financial Times in an interview. "That may sound radical but it's always worked that way – whenever there have been lots of problems, there have been problems in the currency markets." However, he did not know which currency would be the focus of such a crisis. "Normally what happens is you have small countries you don't think about, something goes wrong and it starts snowballing and people say: 'how did that happen?'," said Mr Rogers. "That's going [to happen] again before too much longer." Iceland and Latvia are two European countries whose currencies have suffered dramatic declines as a result of the financial crisis. November 3, 2009 Jim Rogers has taught finance at Columbia University's business school and is a media commentator worldwide. He is the author of Adventure Capitalist, Investment Biker, Hot Commodities, A Gift to My Children, and A Bull in China. See his website. Copyright © 2009 Financial Times
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