Jim Rogers Gives His Take On The Economy.
I always like it when he rips into Ben Bernanke! Mr Rogers says that job of Federal Reserve is NOT to bail out a few financial institutions and the stock market, but to maintain a strong currency and job market. He says the Bernanke’s lowering of the interest rates is debasing the currency which will lead to higher inflation.
He also explains why we’re going to see the worst recession in a long time and also mentions some of his current investments.
Its a great informational video. Definitely check it out!
[youtube]http://youtube.com/watch?v=LjLMAQiIRyU[/youtube]
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February 16th, 2008 at 3:24 pm
This lowering of rates has been of dubious benefit anyways. The market seems to experience a one or two day boost, and then continues to trend downwards. All in all it would probably be better if the market “took it’s medicine” now, rather than facing an even worse problem in the future. Stagflation is a very real concern in this scenario. Lowering interest rates at this point just increases the possibility it could happen IMHO.
February 18th, 2008 at 6:02 pm
I like what Mr. Rogers said about getting involved the the water space. I have a position in CGW (Claymore Global Water ETF) that is long term. This is a story in its infancy and will reap huge rewards and returns for those whom have time and patience and can dollar cost average some resources in this space in the future. Other plays in the water space are PIO, PHO, FIW, all diversified/global water ETF’s. JMHO>