“there might be a more legitimate reason why many wealth managers steer clear of Norway” -- David Bain
Monday, 23rd November 2009
Jim Rogers has forecast an extended boom in commodities, arguing supply of raw materials will fail to meet demand over the next two decades, according to a report in The Daily Telegraph, London.
The chairman of Singapore-based Rogers Holdings also said that commodities could benefit from the weakness of the dollar.
Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.
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