He's waiting to short them again, and describes US Treasuries as "the last bubble left."
Other thoughts from Jim:
- It's idiotic for Bernanke to purchase long-dated US government bonds.
- Let the auto companies go into bankruptcy.
- "The government has been taking the assets away from the competent people and giving them to the incompetent people...that's bad economics and bad morality."
- These bailouts will be a "disaster for America", leading to the demise of the dollar, higher interest rates, and higher inflation.
1 comment:
hey brett how'd that 2k in 2005 do how much ya got now?
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