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Jim Rogers Says He’s Shorting 30-Year Treasury

Posted By admin On July 4, 2011 @ 8:25 am In Money Watch | Comments Disabled

Deepanshu Bagchee
CNBC [1]
July 4, 2011

Jim Rogers, the noted commodity bull, is shorting the 30-year U.S. government bonds and may consider shorting the 5 and 10-year bonds as well, he told CNBC on Monday.

Rogers says the Treasurys market is one of the few bubbles that he sees in the world today.

“I cannot imagine or conceive lending money to the United States government for 30-years at 3, 4, 5 or 6 percent —you pick a number — in U.S. dollars,” he said.

But he acknowledges that Treasury prices could rally further, given growing uncertainties about a U.S. economic recovery. “There may be rallies, I may be forced to cover, I probably will cover somewhere along the line, but I’m short the bond and plan somewhere in the next week, month or year to short a lot of them.”

Full article here [1]

Jim Rogers Says Hes Shorting 30 Year Treasury  030511banner3 [2]

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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/43628669

[2] Image: http://www.stansberryresearch.com/pro/1103PSIEOAVD/PPSIM375/PR

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] US to Experience Stagflation Worse Than 1970s: Jim Rogers: http://www.prisonplanet.com/us-to-experience-stagflation-worse-than-1970s-jim-rogers.html

[5] Another Bottom for Stocks Coming: Rogers: http://www.prisonplanet.com/another-bottom-for-stocks-coming-rogers.html

[6] Oil at $200, Stocks Can Keep Rallying: Jim Rogers: http://www.prisonplanet.com/oil-at-200-stocks-can-keep-rallying-jim-rogers.html

[7] Roubini Joins Faber and Rogers in Saying Bubble in Treasuries Will Likely Burst: http://www.prisonplanet.com/roubini-joins-faber-and-rogers-in-saying-bubble-in-treasuries-will-likely-burst.html

[8] US Has More Serious Problems Than Europe: Jim Rogers: http://www.prisonplanet.com/us-has-more-serious-problems-than-europe-jim-rogers.html

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