Tuesday, June 21, 2011

Greece is bankrupt we should recognize reality

Jim Rogers Interview CNN Money 20 June 2011, The legendary investor sees more troubling times for the global economy and says he is staying away from stocks for the foreseeable future. : "...Greece is bankrupt and the sooner we regognise that and do something about it the better , some of the politicians in Europe are just trying to push it down the road , eventually we gonna have to bite the bullet and some banks and bond holders are going to lose a lot of money , it's not the end of the world it is losses but it is not the end of the world .." "Take the losses, reorganize and start over " Jim Rogers added

Jim Rogers is a bestselling author, financial commentator and sucessful 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).