Jim Rogers, FED cuts will hurt Dollar, Yuan Up - Feb. 2008
Uploaded by: HamiDjoukou
Video Description:
Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Carol Massar from Frankfurt about the impact of Federal Reserve monetary policy on the economy and financial markets, the correlation of the U.S. to global investment markets, and his recommendation of China's currency. Bloomberg's Erik Schatzker also speaks.
(Source: Bloomberg)
February 1, 2008 09:14 EST
00:00 Outlook for oil prices, investment strategy
01:02 Ben Bernanke "doesn't know what he's doing."
02:39 Fed policy created "chaos"; contrast to Japan
04:10 Impact of U.S. economy on global markets
04:56 Strategy: agriculture, currencies; financials
05:21 China "buying reserves" in commodities
06:34 Aluminum Corp., Alcoa stake in Rio Tinto
08:07 Microsoft's bid for Yahoo; "shorting the ETF"
10:06 Recommends renminbi, "safest" for long-term
Running time 10:38
Tags for this video: Bills Bonds Commodities Dollar Economy FED Federal Jim Market Notes Reserve Rogers Stock Yuan
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investment is so simple just look at the big picture, your overanalyzing if your not buying hard assets at this stage, so wise
All the guys on tv, the bloomberg anchors, they're all caught up in madness and the latest short term craze. It's amazing how successful you can be if you stay out of the noise and think rationally (and think for yourself).
I wish the anchors on any of these channels (bloomberg, cnbc) would ask jim more about stocks, how he reads balance sheets, comparisons to previous markets. Or examples from the 19th century. Jim knows so much history, its a shame he only gets these little 30 second soundbites.
Nothing is more sickening than watching someone grovel to a Trump or someone else like that "yes mr trump, thank you mr trump".
Dont like it, turn off the speakers.
It's not a question of freedom of speech. It's against the law to talk down a company you are short. This guy must be based in china where the feds can't get him.
No wonder he's cumming all over china and shitting on america. He's not even living here.
Bottom line is the USA has pledged 96 Trillion to SS and medicaid (which equals 1 million per every adult in the USA); owes 10 Trillion in interest to the private bankers who own the FED; and the US dollar is not worth the paper it is printed on
What's the point speaking of "recession" - The economic mushroom cloud has already made its appearance
When Bernanke prints money, it would be like playing monopoly, and the banker adds more money to the board. Prices get bid up. And if you were saving money, the value of your money goes down.
conclusion: no correlation!