According to a Reuters report, Jim Rogers is still very bullish on Asia, and still very bearish on the US dollar and Treasury Bonds.
Jim Rogers accused U.S. authorities of consciously trying to devalue the U.S. dollar by flooding the market with liquidity -- or in his words, "turning on the printing presses" -- and said anyone chasing the rally in government bonds is making a "terrible mistake."
"The idea that you can fix a period of excess borrowing and excess consumption by more borrowing and more consumption to me is just ludicrous," he said.
Full article
Subscribe to:
Post Comments (Atom)
Most Popular Articles This Month
-
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, ...
-
Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge "limit up" for the second day in the row. Wa...
-
Cotton futures have quietly dipped to their lowest levels in two years, prompting our "contrarian alert" to sound. King Cotton, si...
No comments:
Post a Comment