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Chasing Bonds Rally Is ‘Terrible Mistake’: Jim Rogers

Posted By admin On January 19, 2009 @ 11:17 am In Money Watch | Comments Disabled

Reuters [1]
Monday, Jan 19, 2009

The global financial crisis has only strengthened renowned international investor Jim Rogers’ acerbic criticisms about the U.S. economy and his resoundingly optimistic view on China’s future.

Rogers, co-founder along George Soros of the Quantum Fund, railed at the Federal Reserve and incoming U.S. Treasury Secretary Timothy Geithner, while also saying the high saving rate and solid fundamentals in China make it a powerful force to be reckoned with.

“This is going to be the new centre of the world, not just the financial but the political world,” he said at the Asian Financial Forum in Hong Kong.

(Article continues below)

Chasing Bonds Rally Is Terrible Mistake: Jim Rogers 161008pptv3 [2]

Rogers, who is now an independent investor living in Singapore, said he was going to use the U.S. dollar rally in the last six months to get out of all his investments in dollar-denominated assets and keep buying Chinese equities, the Japanese yen and commodities.

Full article here [1]

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URLs in this post:

[1] Reuters : http://www.cnbc.com/id/28730871

[2] Image: http://www.prisonplanet.tv/subscribe.html

[3] Jim Rogers: We’re Wiping Out The Savings Class Globally, To Terrible Consequence: http://www.prisonplanet.com/jim-rogers-were-wiping-out-the-savings-class-globally-to-terrible-consequence.html

[4] Jim Rogers using rally to exit dollar assets: http://www.prisonplanet.com/jim-rogers-using-rally-to-exit-dollar-assets.html

[5] Rogers Echoes Warning Of “Sucker’s Rally”: http://www.prisonplanet.com/rogers-echoes-warning-of-suckers-rally.html

[6] Dollar’s Days Numbered, Buy Commodities: Jim Rogers: http://www.prisonplanet.com/dollars-days-numbered-buy-commodities-jim-rogers.html

[7] Jim Rogers wary of buying gold at new high: http://www.prisonplanet.com/jim-rogers-wary-of-buying-gold-at-new-high.html

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