Sunday, February 15, 2009

Jim Rogers' Latest Comments: February 13, 2009

Jim Rogers' latest comments - February 13, 2009.
  • US stimulus packages are throwing "good money after bad"
  • US making the same mistakes as Japan, propping up zombie companies and supporting the incompetent people
  • Financial mess started with the bailout of Long Term Capital Management in 1998
  • Alan Greenspan never let the system work, as he did not let anyone fail
  • Water treatment, agriculture good places to be for the foreseeable future
  • Does not see a great future for the Pound Sterling
  • Has zero respect for the World Bank and the IMF - we should abolish them

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