Old Jim Rogers interview, the guy was right again.

Discussion in 'Economics' started by Debaser82, Jan 31, 2009.

  1. August 2008

    VANCOUVER, B.C. – The U.S. financial crisis has cut so deep – and the government has taken on so much debt in misguided attempts to bail out such companies as Fannie Mae (FNM) and Freddie Mac (FRE) – that even larger financial shocks are still to come, global investing guru Jim Rogers said in an exclusive interview with Money Morning.

    Indeed, the U.S. financial debacle is now so ingrained – and a so-called “Super Crash” so likely – that most Americans alive today won’t be around by the time the last of this credit-market mess is finally cleared away – if it ever is, Rogers said.

    The end of this crisis “is a long way away,” Rogers said. “In fact, it may not be in our lifetimes.”


    Some call him a fool or a has been but I like Jim. He can see the future as few others can. Too bad they keep asking him the same stupid questions everytime he is on TV.
  2. zdreg


    his prediction of the demise of the euro may come sooner than later.
  3. Sorry , but I don't see the genious in predicting the following:

    1. Nikkei was overbought in 1989
    2. Gold would rally starting 1999
    3. This credit mess will take a long time to fix.

    Oh and his USD prediction didn't quite work out, did it. He also recommended selling the GBP a few days before it rallied. To him, any strength in the USD is a 'sucker rally'.
  4. Euro got killed on thurs n friday. Still have some short euro positions from 131500. Thinking of shorting on every decent retraction. Anyone else planning the same thing?