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.

2 comments:

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

    thanks and keep up this great blog!!!

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  2. 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

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