Jim Rogers tells CNBC to F* OFF

[drsteph]

Quote from Daal:

economy growth is very much tied to productivity growth. productivity through US history(as measured by output per hour) has averaged 3% per year, bet it through war time, inflation, deflation, democrats, republicans, whatever.

It cant get any higher than that because humans apparently arent smarter than that, just because the US needs it to be higher now it doesnt mean it will be.

solvency after a 70 year debt spree can only be achived through inflation. I'm not putting on the inflation trade for the next year or two but after that it should be easy money. the next wave for the commodity boom should ridiculous, it will reminds us of nasdaq

Yup.

 

[turkeyneck]

Quote from Joab:




CNBC = Morons making 100k a year as actors.

I think he missed a 0 at the back.

 

[rodmike9]

Quote from makloda:

LOL that's a great video.

Rogers finally gets called on his "Just let all the banks fail, stop bailing them out" BS and then the next second says the "the Great Depressoin was caused by bank runs where people pulled all their deposits from banks".

What a tool.

you are misquoting him

 

[ByLoSellHi]

Just wait...

...The U.S. will join the march to a 'common currency' sooner than many of you would like to believe.

If Bush had his way, we'd already be forking over 'Ameros' for lunch.

 

[hughb]

WTF???? I never watch CNBC, but now I see why so many people complain about it. I had to turn that video off after 2 minutes. That was by far and away the worst interview I've ever seen by a "professional broadcaster". He knew damb good and well what Rogers meant by "bankrupt" and he's nitpicking at it like some doofus elementary school valedictorian who keeps getting beat up on the playground.

 

[stock777]

meanwhile Rogers kept you in EUR, gold and commods.

you're losing your shirts.

what good are these guys if they cant time the moves.

 

[hoodooman]

Years ago when Rogers was on CNBC, one day he said that he was short the q's.
Well the q's were in a strong uptrend and kept going up, so I emailed him and asked if he was still short the q's.

He replied that he had covered his short.

So I emailed him back and said that next time maybe he might use a technical indicator before he did it again.

He said he'd think about it.

 

[PohPoh]

Quote from stock777:

meanwhile Rogers kept you in EUR, gold and commods.

you're losing your shirts.

what good are these guys if they cant time the moves.

The trend
is your friend
until it bends

It's bending..

Only the dentists got long Euro at 160, Gold at 1000, etc...

 

[Debaser82]

Yapanese Yen & Swiss Franc did good this year and he has been touting those.

As far as commodities go, he has always stated: "I will not sell a single commodity until 2018 cause thats how long commodity bull markets lasted in the past."

If you don't have pockets deep enough to follow the man on that trade why bitch about it.

 

[Gyrene Dertra]

Quote from Mvic:

I think this is completely the wrong way to think about this, inflation seems like the answer but if everyone inflates then it ends up being an exercise in futility. The real answer is growth. The only real way out of the global economic crisis is massive multi decade growth and it is more than possible given how far the world is from its PPF.

Are you a trained economist by profession? I was an economics student and haven't even heard the term production possibility frontier for years--I am assuming that is what you meant by PPF. Where do you get that information?