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U.K.’s sterling faces a long, painful slide
Just about every asset you can think of had a good January. Equities were up sharply, and commodities held their own. Even the battered euro was on the rise. There was one exception, however. The British pound. So far this year sterling has been the second worst performer of the world’s 10 major currencies. It is second only to the yen — and the new Japanese government has launched an all-out effort to lower its currency. A temporary blip? Don’t bank on it. In fact, 2013 will be the year when the weakness of the U.K. economy will be painfully exposed — and that means sterling /quotes/zigman/5248856/sampled ... (full story)
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Carbon-Dioxide: the gas of life!
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Carbon-Dioxide: the gas of life!
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Carbon-Dioxide: the gas of life!
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Carbon-Dioxide: the gas of life!
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