I love this guy. In the clip below, he dishes out his patently-straightforward analysis of the Greek debt problem. He demands accountability from the Greeks (and anybody else asking for a bailout), and dismisses concerns that sovereign CDS traders are the problem – “Were they the ones who increased deficits to 12% of GDP?”
Other talking points:
Will China let their currency float?
U.S. equities are “overdue” for a correction
He’s been long the dollar for 5-6 months and it’s still working.
Calls himself a “horrible stock market timer and trader”. This, from the guy who co-founded the Quantum Fund with George Soros, which saw returns of 4200% over the first 10 years.
Love this video snapshot of Jim Rogers. Starts with a quick biography, then rolls to a best-of recent commentary.
Interviewer:It’s 1973, you’re 30 years old and you start co-managing Quantum fund with George Soros. Over the next 10 years it goes up 4,200%. You both become legends on Wall St. So why do you think you managed to get it so right, so often?
Towards the end he mentions the bubble in Treasuries. I’ve been thinking about this a lot lately. Anyone know if he’s actually short t-bonds yet?
I owned TBT (ultrashort 20-yr T-bond fund) briefly last year. Haven’t decided on whether it’s time to get back in yet. I strongly suspect the Fed will announce QE 2.0 this Spring, after their current programs expire and sh*t hits the fan (mortgage rates and foreclosures spike). But who knows? With our newly populist-pandering President, it should make for an interesting year, to say the least.
