Snouts in the Trough

Can we predict the future? When it comes to human greed, we probably can. So here’s one to watch. Sometime in 2010, Goldman Sachs will deliberately engineer a loss of confidence in Sterling. The pound will then fall to well below parity with the euro as investors dump it. This will allow Goldman Sachs to buy Sterling cheaply from panicking investors and make tens of billions when the pound quickly rebounds to about 1.12 euro.

The moral of the story – get a job with Goldman Sachs.