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Jim Rogers is shorting US treasuries
Posted on 13 October 2008 with no comments from readers
Legendary investor Jim Rogers is shorting the US treasury market. As he explains in this interview a hyper inflationary global economic environment is being created by government fixes. This will turn the current US dollar rally into a rout.
More immediately the big rally in US stocks yesterday happened when the bond market was closed for Columbus Day. Now we should have an enormously concentrated sell-off in bonds as a follow through from yesterday’s equity rally – that should be the end of the bubble in bonds.
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Thanks for the video clip, Peter.
Very sobering.
HSBC London is receiving unprecedented in flows from high net worth individuals including heads of hedge funds, leaving the likes of Coutts, the ‘Queen’s banker’. Where is their money going? Gold, and Japan.
http://arabianmoney.net/2008/10/14/equity-rally-to-pop-the-bond-bubble-buy-precious-metals/