Wednesday, October 22, 2008

Jim Rogers on CNBC Europe Early This Morning

No kind words from Rogers about the officials who have been handling the financial crisis in the U.S. and elsewhere. To add insult to injury, he mangles NY Federal Reserve Bank president Timothy Geithner's name in the process. Rogers says he's still long commodities (particularly agriculture) and short U.S. Treasury bonds, since he expects higher inflation (and higher interest rates) when the economy recovers.

Technical issues prevent me from embedding the video, but here's a link to it: Jim Rogers on CNBC Europe, 10.22.08


JK said...

Shorting US treasury bonds in anticipation of inflation is wise.

A very large financial institution which shall go unnamed has barred new large purchases of US Treasury bonds by wealthy investors. Apparently they know that the bonds won't be good investments.

DaveinHackensack said...

I wonder if the deflation we are experiencing now is analogous to the way the ocean recedes before a tsunami.

Where did you hear this about the large financial institution banning large purchases of Treasury bonds?

JK said...

Sent you a private message with details/clarification.

DaveinHackensack said...

FYI, ProFunds has a mutual fund designed to produce returns inversely linked to the performance of the long bond, RRPIX.