Calling People Idiots....
I read this recent quote...
Jim Rogers: ‘Bernanke is an Idiot’So, Jim Rogers is calling others idiots. Jim Rogers is famous for wearing wearing bowties on TV and riding a motorcycle across China after being a hedge fund manager. Listen to him and you deserve what you get.
Jim Rogers, co-founder with George Soros of the Quantum Fund, readily admits he’s a "dollar bear looking for a big rally” so he can sell.
.......
Rogers has traded his bullishness in America for faith in China’s economy — he even moved to Singapore and intends to raise his family there.
He encourages Americans to put their investment dollars there as well.
Why China? "All Americans are spending a lot of money in China now, so why don’t we get something back? They’re among the best capitalists in the world. Massachusetts is more communist than China is these days,” Rogers said.
And on moving to China? He didn't move to Hong Kong, which is technically in China, and is just a Special Administrative Region. Moved to Singapore? Several hours away from China by airplane and not part of China, even remotely so. Can't get good schools or decent unpolluted lives in china I suppose? And China is the future? Maybe for aggressive cancers and other absurd life challenges. China is really the dumping ground for the rest of the world. And most people over the next 5 years that follow this clown Rogers advice and commit new money to China will get killed, in my humble opinion.
posted by glenzo @ 12/16/2007 08:07:00 PM
2 Comments:
Dear Sir,
Jim Rogers is one of the most successful investors of all time. He is a billionaire who has a proven track record going back several decades. It is very hard to find anyone on Wall Street as candid and strait forward as Jim Rogers. And it should be noted that 70% of Singaporeans are ethnic Chinese. It is the richest country on earth. The best schools, health care, etc... And strategically right in the center of Southeast Asia. A perfect location.
On Bernanke, he is a total liar and a total fool. His whole academic career has been devoted to studying the printing of money. And now that is exactly what he is doing! Greenspan gave us a stock market bubble, a housing bubble and a consumption bubble. Bernanke is now making the same kind of mistakes Greenspan made as the chairman of the Federal Reserve. If I were you, I would take Mr. Rogers advice on investing. He is a little outspoken, but he means well and is putting his money where his mouth is.
Peter Darling
(Jim Rogers Fan)
Ok. All Central Bankers are idiots. I suppose that that is an educated opinion. Jeez.
And go right ahead and invest with Rogers in China. But Singapore is not China despite their being ethnic Chinese that live there. Ethnic Chinese live in Brooklyn neighborhoods too. Why didn't he move there?
Post a Comment
<< Home