In addition, Rogers went on to say he was long the U.S. dollar. “The only reason I’m long…is because everybody in the world, including me, has been terribly pessimistic. And whenever that happens you should take the other side of the trade. So I’m long the U.S. dollar, I have no confidence in it, its going to be a disaster, but as we speak I own probably more U.S. dollars then I’ve owned in years, and certainly more than any other currency.” [CNBC]
Jim Rogers
“It seems to me it’s physically, humanly impossible for the U.S. to ever pay off its debt ,” Rogers said. “They can roll it over and continue to play the charade, but the U.S. is bankrupt.” [CNBC]
Question: What are things Jim Rogers thinks sucks? Continue reading »
Related, the Rogers grandchildren may or may not want to request grandpa’s coin collection, rather than what he’s earmarked for them, should their opinions of China be more in line with those of Jim Chanos. Continue reading »
“I will be shorting US bonds,” Rogers told a conference in Edinburgh. “I would probably be doing it today if I weren’t here,” he said. Bonds in the US have been in a bull market for 30 years, Rogers said. “In my view that’s coming to an end…the bond bulll market is coming to an end. If any of you have bonds I would urge you to go home and sell them. If any of you are bond portfolio managers I would get another job,” he said. [CNBC]
You think you have it hard with the recession? Well think again- it might be just time to stock up on canned goods. Gloom-and-Doomer Jim Rogers told CNBC that the financial crisis might lead to food shortages in a few years as “the inventories are now at the lowest they’ve been in decades, not in years.”
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