Wednesday, June 29, 2011

The Euro is in a much better fundamental situation than the US Dollar

Jim Rogers : " I am delighted to see that , I still own the Euro it is one of the currencies I own , my main portfolio is I am long commodities and currencies , that's one of them , The Euro is in a much better fundamental situation than the US Dollar which I also own , I mean the Euro has a balance of trade surplus for the most part it is not a large debtor entity , it got some debtor entities within it , but the Euro is not such a disaster " regarding the Greece crisis Jim Rogers says "throughout history when countries got into this kind of situations the longer you delay the reality , the longer you delay the inevitable the worse it is in the end look at Argentina twenty years ago , let Greece go bankrupt , trying to bail them out or prolong the agony is going to make it worse " - in Bloomberg Interview 29 June 2011


Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

JIM ROGERS BLOG