The video is available on Bloomberg (click link)
Notes:
- Allen Greenspan once told japan “they are making a mistake” by having “zombie banks”
- Resign and close the federal reserve and the crisis will take care by itself
- I do not know in American politics that would solve the crisis (that’s why they are in politics)
- Bernanke does not understand markets,currencies and economics
- I don’t expect good things out of Washington
- I’d rather buy agriculture products than oil
- This is a very historic period; this rarely happens
Memorable Quote:
“You can have 10 or 15 years of economics or you can have one or two years”- Jim Rogers then points out Korea had a similar financial crisis and came out fine by letting the competent take over incompetent
Buys:
- I have been buying into this market ” I always buy during selling climaxes”
- Commodities (surprised?)
- Covering some shorts
- Oil
- Agriculture
- Sugar
- UltraShort Lehman 20+ Trsy ProShares (TBT)
- Airline( Lufhansa, Korea ,Japan , Singapore, etc.)
Shorts:
- Government Bonds (long term 30yr)
- iShares Lehman 20+ Year Treas Bond (TLT)
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16. December 2008 at 1:59 am
Good overview of “wwjb” (what would jim buy). i noticed not a mention of china stocks as a buy at this point tho not a seller of them either.
kevin
http://www.bullinachinamarket.com