When investor Jim Rogers talks, people listen. On Friday he talked a lot, saying that despite his pessimism about the US dollar he's become a buyer of greenbacks during what he expects will be a short-term rally.
But he also said that other US investments, such as stocks, look too risky to hold. Mr. Rogers is actively betting that US technology stocks and one "big, big, big" American bank will go down in value.
In comments during an interview with Tom Keene on Bloomberg Television, he declined to name the bank. The dollar was rising as he spoke.
Oh, and for good measure he said both President Obama and Federal Reserve Chairman Ben Bernanke should resign.
June 13, 2011
Jim Rogers has taught finance at Columbia University's business school and is a media commentator worldwide. He is the author of Adventure Capitalist, Investment Biker, Hot Commodities, A Gift to My Children, and A Bull in China. See his website.