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| Bow-tied buffoon |
Back in April, clownish, bow-tied buffoon, Jim Rogers, said he was bullish on the dollar. I wrote about it here saying that one ought to short the dollar. History has pretty much shown that if you do everything opposite of Rogers you will make a lot of money.
Sure enough, the Dollar Index at the time Rogers professed his love for the greenback was just under 100. Today it's around 95. The euro/dollar exchange rate was at 1.06. Today it's at 1.13. And dollar/yen was at 119 and it's roughly at the same level today.
I only bring this up because Rogers is saying that the markets won't let the Fed keep the rates up for long. LOL!!! He's the same guy who, for YEARS, had been saying that the markets wouldn't allow the Fed to keep rates low: there'd be inflation and hyperinflation and China would balk at buying and on and on and on. The idiot is probably LONG TREASURIES now after years and years and years of saying he was shorting them. Hahahahaa!!
Same with Schiff. He's been doing the Rogers thing, too, and saying that the Fed will never be able to raise rates or stop QE. That's the complete opposite of what he had been saying for years: that the markets would punish the Fed and send rates skyrocketing because of its policies.
I need to invent another language to express, in words, how FUCKING CLUELESS these guys are. But their brazen lack of humility and SHAME....WOW! It's really something to behold. Really.
Anyway, do yourself a favor and go short Treasuries. Since Rogers now thinks they will never go down (the "markets" won't let them) they'll probably crash like hell once the Fed puts through the first rate hike.
5 comments:
Has Jim Rogers lost money? That's the measure of idiocy I'm looking for.
Does he even trade his own money?
Oh, so Rogers is playing the role of Pied Piper, with his 'investors' as the rats.
he is a liar. he said buy commodities.now?
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