Tuesday, October 30, 2007

Jim Roger's Opinion of Helicopter Ben

Here is a seven minute video on Jim Rogers reflecting on the Grand Wizard Ben Bernanke. It's worth viewing. Notice when he says that housing is in more than a recession that suggests things are a lot more dicey than most people believe. The bottom to the RE market is a while away, so it gives one chance to ponder the effects of the next rate cut scheduled for tomorrow. Unfortunatly, IMHO, the last thing we need is a rate cut. Click here to view the video.


Anonymous said...

very interesting.... BUT USD is printed using cotton, not trees :)

thanks and keep up this great blog!!!

Jim in San Marcos said...

Hi Anon

That's cute, I never thought of it that way. Here is a quote from Yahoo Answers

Currency paper is composed of 25% linen and 75% cotton. Red and blue synthetic fibers of various lengths are distributed evenly throughout the paper