Jim Rogers: QE3's Already Started!

nasd

Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy. from Singapore with Susan Li on Bloomberg Television's "First Up" on Monday 29 Nov.  Rogers also comments on Europe's sovereign debt crisis, Federal Reserve monetary policy and the U.S. economy.

Rogers says he does not pay too much attention to the rating agencies upgrades and downgrades as their track record has left him with very little confidence.  Markets may rally on certain short-term fixes or good news, but until some resolution comes to the mountainous sovereign debt, no rally will last.

He also commented that QE3 is already underway if you look at the huge jump up of M2 money supply since August (see chart below).  In Rogers words, "they are buying something."  He also thinks the world could be better off without the central banks money printing press.

Regarding his current investing strategy, he said he's shorting European stocks, American technology stocks (He is shorting a package of U.S. technology stocks including Microsoft calls), emerging market stocks, but long commodities and currencies (Rogers owns some euros).

Link: http://www.businessinsider.com/j ... -currencies-2011-12

knife

so he shorted the stock?

nasd

回复 knife 的帖子

Looks like it, but isn't it counter-intuitive to short into a new round of QE?  

balto

两边押宝，总有一头对的么。。。