Jim Rogers Talking Freddie, Fannie, Benny, Uncle Sammy and China
July 14th, 2008Good morning to you all. Jim Rogers, co-founder of the Quantum Fund along with billionaire investor George Soros and whom we covered on AGORACOM quite extensively, was on Bloomberg TV this morning discussing every financial crisis under the sun.
I am writing this as I watch the interview, so don’t mind my form but do mind the facts.
UPDATE: Video is now up on Bloomberg.
Rogers was one of the first to go on record with a $200 oil call, saying $100 oil was a forgeone conclusion, as well as, $1,000 gold. He is also one of the biggest US bears out there, having announced that he is selling all of his US holdings and dollars, as well as, going short on the entire financial sector. Read our coverage from November 2007 here.
On the other hand, he is the biggest Agricultural bull anywhere, telling investors at every opportunity to buy Agriculture due to demand out of Asia.
Given what has happened to oil, gold, US markets, the US dollar and Agriculture, we make sure to pay attention to anything he has to say. You don’t have to follow all of his advice - but you should consider his comments at the very least.
*NOTE - This was an interview via Satellite so the notes below are more like shorthand notes…but they’re well worth your time tor read.





Good evening to you all and sorry for being away from the blog for a while. I’m back in full force now and wanted to start off light with my new favourite acronym to describe the ridiculous criteria used by mortgage lenders, which ultimately contributed to the sub-prime mortgage mess:
