August 2008 VANCOUVER, B.C. â The U.S. financial crisis has cut so deep â 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) â 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 â and a so-called âSuper Crashâ so likely â that most Americans alive today wonât be around by the time the last of this credit-market mess is finally cleared away â if it ever is, Rogers said. The end of this crisis âis a long way away,â Rogers said. âIn fact, it may not be in our lifetimes.â http://seekingalpha.com/article/91641-interview-with-jim-rogers-part-i-bigger-financial-shocks-loom 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.
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'.
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?