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Jim Rogers: $700 Billion Banking Bailout is ‘Horrible Economics’
Ask investing icon Jim Rogers about the $700 billion U.S. banking bailout, and he’ll tell you that it’s nothing but “horrible economics.”
And with good reason: Most of the major U.S. banks are already bankrupt.
“Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt,” Rogers said in a recent teleconference at the Reuters Investment Outlook 2009 Summit. “What is outrageous economically and is outrageous morally is that normally in times like this, people who are competent and who saw it coming and who kept their powder dry go and take over the assets from the…
3Jan2009 | Money Morning | 0 comments | ContinuedHow to Profit From A China Investing Strategy
Investors who abandon China now will live to regret their decision.
That’s why we say that every investor has to have a China investing strategy.
With the benchmark Shanghai stock index down 56% so far this year, you might find that to be a surprising statement. But consider this: In an exclusive interview with Money Morning, global investing guru Jim Rogers said that giving up on that country now would be like selling all your U.S. stocks at the start of the 1900s – before America created massive wealth by evolving into a world superpower.
“I have never sold any of my Chinese…
22Aug2008 | Money Morning | Comments Off | Continued
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