About one year ago Jim Rogers was interviewed by the financial times. Below are some of the things he said and how they played out.
To save time, I will be paraphrasing and not quoting, do not worry we have video evidence 
- If a 6% decline in the stock market causes the man to cut interest rates by 6% , what is he going to do when the market is down 36%?, What’s he’s going to do when we have a real crisis. He’s going to print money til we run out of trees. ( As of this writing (12.18.08) we are down 38% and helicopter Ben has the printing presses running 24/7)
- The U.S. is in recession (The government made it official we are in recession since Dec. 07)
- Auto’s are in a recession (Ask the Detroit 3 what has happened since)
- Housing sector is in recession ( how many For Sale signs are in your neighborhood)
- Many parts in the financial industry are in recession ( No Wall St. bonuses this year)
- The Dollar will have a brief rally (see chart below)
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Thu, Dec 18, 2008
Interviews