A short Jim Rogers interview on Bloomberg – I believe from December 11, 2008. He says he has covered his short position in US Treasuries for the time being, because the trade was going against him.
He’s waiting to short them again, and describes US Treasuries as “the last bubble left.”
Other thoughts from Jim:
- It’s idiotic for Bernanke to purchase long-dated US government bonds.
- Let the auto companies go into bankruptcy.
- “The government has been taking the assets away from the competent people and giving them to the incompetent people…that’s bad economics and bad morality.”
- These bailouts will be a “disaster for America”, leading to the demise of the dollar, higher interest rates, and higher inflation.