{"id":2931,"date":"2010-01-28T16:46:10","date_gmt":"2010-01-28T15:46:10","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/?p=2931"},"modified":"2010-01-28T16:46:10","modified_gmt":"2010-01-28T15:46:10","slug":"jim-rogers-bets-on-near-term-dollar-rebound","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/2931\/jim-rogers-bets-on-near-term-dollar-rebound\/","title":{"rendered":"Jim Rogers bets on near-term dollar rebound"},"content":{"rendered":"

As mentioned in our previous posts, Jim Rogers is not afraid to temporarily be on the other side of the trade.\u00a0 The $USD is a perfect example. For a good portion of 2009, Jim Rogers has generally been bearish as the Fed continues to print money. But, as that trade becomes crowded, the possibility of a short squeeze increases and it might be smart to be bullish for the short term.<\/p>\n

Via: Reuters
\n<\/a><\/p>\n

Well-known investor Jim Rogers said on Wednesday he has been buying dollars over the past two months to bet on a near-term rebound, but remains very bearish about the U.S. currency over the longer term.<\/a><\/p>\n

<\/span>“Over the past couple of months I have been accumulating U.S. dollars … because there are too many bears,” Rogers told the Reuters Investment 2010 Outlook Summit in New York.<\/a><\/p>\n

But he said the global financial crisis is merely in a temporary reprieve. Longer term, huge U.S. government debt issuance and a debilitated dollar will drag the world into a deeper crisis, he said.<\/a><\/p>\n

There is a strong possibility that within the next three years or so that longer maturity U.S. government bond yields could reach double digits, as in the early 1980s, he added.<\/a><\/p>\n

The U.S. 10-year Treasury note’s yield, which moves inversely to its price, hit a high of 15.8 percent in September 1981, according to Global Financial Data.<\/a><\/p>\n

<\/span><\/p>\n

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    <\/p>\n","protected":false},"excerpt":{"rendered":"

    As mentioned in our previous posts, Jim Rogers is not afraid to temporarily be on the other side of the trade.\u00a0 The $USD is a perfect example. For a good portion of 2009, Jim Rogers has generally been bearish as the Fed continues to print money. But, as that trade becomes crowded, the possibility of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"1","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2931","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/2931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=2931"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/2931\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=2931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=2931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=2931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}