Jim Rogers' Latest Outlook on the Euro and European Bailouts

Jim Rogers was interviewed on GoldSeek Radio over the weekend.  You can catch the full interview here - it starts around the 1 hour 20 minute mark.

Jim is not thrilled with the European bailout - as you'd expect.  He's not as bearish on the Euro in the near term as other pundits are, as he believes that sentiment against the Euro is at an extreme right now.

And Rogers still loves commodities, since the European bailout implies that fiat currency will continue to be debased.  He says "if he were looking at precious metals, he'd look at silver."

In case you missed Jim Rogers' recent interview on CNBC's Squawk Box, you can check that out here.


And Rogers fans may also enjoy this Marc Faber interview about why he believes China is set to crash.

Marc Faber: "There's Too Much Enthusiasm for Gold Right Now" - Audio Interview

Solid interview by Marc Faber on GoldSeek Radio last week. My notes are below, and you can listen to the interview yourself at the 1 hour mark via this link: http://radio.goldseek.com/

• Overall, Faber thinks we've reached the bottom of the economic valley, but doesn't expect a robust economy anytime soon

• Bernanke's record as a forecaster has been "a total catastrophe" - ha!

• The last recovery was an artificial one in the first place, because the beneficiaries were the Wall St guys, and not the middle class

• He believes the deflationists are wrong, and the deflation scenario is out of the question, because the Fed can and will print (more than) enough money

• Still thinks we will not revisit the low of 666 on the S&P in nominal terms, again due to money printing

• Sounded bullish on gold medium/longer term, but is not convinced this move over $1,000 is going to last because for his taste there's "a little bit too much enthusiasm about gold right now"

• Sees the standard of living in the US continuing to deteriorate, especially with respect to the Eastern World, which he expects to grow at a faster pace

For more on the inflation/deflation outlook, be sure to check out this fantastic inflation debate between Faber's good friend, deflationist Robert Prechter, and inflationist Jim Puplava.

Jim Rogers Interviewed by GoldSeek Radio

Legendary investor Jim Rogers was interviewed by Chris Waltzek of GoldSeek Radio a few days ago.  Here's a link to the audio interview, and it's also available on iTunes.

Jim begins on hour #2.

My notes from items that caught my ear:

• The producers of "real goods" are going to rule the world for the next couple of decades (farmers, etc)
• Has sold all of his emerging markets except for China
• If the world gets better, commodities will be the leaders - and if it doesn't, hard assets are still the place to be, because governments are printing money
• Still waiting to short the long-term US bond - it's the "last bubble" he sees
• Predicts double-digit interest rates in the future for US

More recent Jim Rogers coverage:

• Jim Rogers Interviewed in BusinessWeek
• Rogers Prefers Oil Over Gold Right Now
• Jim Rogers Believes World is Heading for Depression