Ad Majorem.....Wealth Builders
From BBC news interview with Jim Rogers | February 2013
While the PHL debt papers were upgraded to investment grade, UK was downgraded from AAA to AA1 by Moody's This means UK exports will be cheaper, borrowing costs will be higher. We do not know how it affects the domestic spending of the Brits.
The Singapore based investor, head of Quantum Fund Jim Rogers was surprised that it took a while for Moody's to take note.
That is why, UK pound sterling vs peso is just 55 vs 80 about a year ago. What is happening?
How will it affect the thousands of Pinoy OFW in UK?
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