Wed 17 Mar 2010
Jim Rogers update about the Currency Market and Commodities
Posted by Jon under Uncategorized , How to invest , ForexJim Rogers thinks US Treasury and some real estate in China are the world’s two current bubbles
Jim Rogers says that the two main bubbles in March 2010 are US Treasury and real estate in China.
The Currency Market
He also says that he thinks that the Euro is a flawed currency that he thinks it will break up in 15 to 20 years.
Quotes from Jim Rogers about the Euro:
“We’ve had currency unions in history, they didn’t survive, this one won’t survive either”.
“If (the euro zone helps) the Greeks, that weakens the fundamentals of the euro”.
“As the next government comes to demand concessions, they weaken the currency from within.”
“I would let Greece go bankrupt because then everybody will say the euro is a serious currency.”
Quote from Jim Rogers about the Pound:
“The UK Pound’s problems will be caused by Britain’s “gigantic debt and huge trade deficit.”
Quotes from Jim Rogers about Commodities and the stock market:
“I think that real assets are the best place to protect yourself going forward.”
“I had had no shorts for about 15 months so I started putting out some shorts recently. But the fact that I’ve been putting out shorts means (the stock market) won’t pull back”, he said as a joke.