In an interview with CNBC, billionaire investor Jim Rogers called the US dollar a “terribly flawed currency” and warned that a currency crisis is imminent. Rogers also warned investors about shorting the market. “I’m afraid they’re printing so much money that stocks could go to 20,000 or 30,000,” Rogers said. “Of course it would be in worthless money, but it could happen and you could lose a lot of money being short.” Roger also said he is currently holding no shorts.
Dollar Crisis Imminent: Jim Rogers
By editor Jun 4, 2009, 5:19 PM Author's Website
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