Ben Bernanke may resign soon to avoid FED hangover

Ateneo Professor on Entrepreneurship

Repost from Newsmax by Dan Weil and Kathleen Walter  May 19, 2013

Jim Rogers, the legendary investor who now resides in Singapore and head of Rogers Holding may not seek another term.  The Federal Reserve bank is pumping up the economy with massive inflows of liquidity.  Called as QE, Quantitative Easing, the FED pumps in $85 billion dollars a month to the economy through purchase of bonds and securities.

This massive printing of money is not seen as very positive by many.  This is seen as to promote inflation and hurt the rest of America and the world.

Many, including Rogers sees that this QE must end soon, possibly this year (2013)

Bankruptcy is not the end of the world

 



Jim Rogers frown on bail out as is the case with Spain. Bankrupt companies should be allowed to go under for them to come healthier and stronger. It happenned to NY and Mississippi and are still around. Companies with risky practices should fail.

Bonds prices for Spain is priced at 7% which is high and very likely to be unsustainable.

Financial Pain in Spain 


 


Jim Rogers: Economic Bankruptcy Isn't End of the World

Why am I posting this?

Is this relevant to the PHL?

Is this useful for entrepreneurship?

Is this relevant to AGSB entrepreneur students?

Fwd: Jim Rogers: ‘Terribly Flawed’ Dollar Isn't a Safe Haven

                  


 Jim Rogers holds on to the Dollar despite its Flaws

Jim Rogers, the Chairman of Rogers Holding, says he is still holding on to the dollar for a year or two, simply because everybody is running to it (despite its very bad condition  -  its value has gone done, the US debt is insurmountable, huge US deficit, China is dumping US dollar).  The Euro last week was dragged down to its lowest rate of $l.236 due to the Greece concern ( and even  Spain)

As with regards to Eurozone:

 



Spain, Italy, Belgium, Portugal and even France problems

He thinks the politicians in Europe are in denial.

He believes it is best for Europe to go bankrupt and start all over again.  Then they will understand austerity and belt tightening rather than imposing that from the lender side.

On bail outs?  That will be temporary.  At some point in time, the credit will be declined.

Fwd: Rogers: Government is Lying - Inflation is Everywhere

According to Jim Rogers, a noted US businessman who is betting now on China (as many Americans now are all finding opportunities in emerging economies) there is actually inflation in USA driven up by rising fuel prices (fanned by threats of war in Middle East), and large amount of dollars in circulation., In the long run, this development could hurt the American economy businessmen, and the ordinary people.

Also in the recent Gallup survey, the unemployment rate went up from 8.6 in January to 9.l in February, a full.0.5% increase.  However, Americans in need of job is l9 %.!! How is that?

---------- Forwarded message ----------
From: Moneynews.com <newsmax@reply.newsmax.com>
Date: Sat, Mar 10, 2012 at 1:54 AM
Subject: Rogers: Government is Lying - Inflation is Everywhere

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