Jim Rogers gave his thoughts about President-Elect Barack Obama at the World Money Show.
Jim Rogers on Obama….
“First, he wants to tax capital, just when capital is at its weakest. And second, he wants to protect American jobs.”
“The best hope for America is that everything Obama has said so far has just been rhetoric”
The greenback (dollar)….
“Bet against the dollar”
Bonds anyone…?
“And bet against long-term U.S. bonds as well”
Are commodities still in play after this steep drop? You bet!
“Even if commodities fall for a year or two, it’s not the end of the bull market,” he says. “Buy gold, cotton and sugar,” and keep an eye on African oil stocks, especially in Angola.
Source: http://moneynews.newsmax.com/streettalk/jim_rogers_obama_policies/2008/11/21/153795.html
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November 23, 2008
Appearances