Tuesday, August 3, 2010
Jim Rogers: The next big bubble is the bond market!
Jim Rogers is hilarious; an absolute clown!
He's been saying people should short bonds for three years now. If he's followed his own advice he clearly must be broke by now, but the worst thing about guys like him is that they're cowards. They don't risk their money; they give their crappy, ill-conceived advice to others, causing many people to lose...a lot!
Rogers has been saying that bonds are a bubble for so long. He is clueless about the monetary system and simply doesn't understand that interest rates are a parameter set by the central bank.
I have no idea why the media gives time to guys like Rogers, Schiff, Marc Faber and all these loonies.