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).
Wednesday, June 5, 2013
Jim Rogers: Yen downfall move dangerous
Jim Rogers on the Japanese yen policy: The [yen], which is one of the major currencies of the world, has collapsed 27 percent in no time. It’s a very, very dangerous move. I know the government is reporting that [the Yen’s] move is good, but I don’t trust governments. I don’t trust our government, their government, or anybody else. Their government is as good at lying as ours is. Everything japan imports from cotton, they import a lot of stuffs will go up. The Japanese will suffer but exports will do well, stockbrokers, currency traders will do better, rest of the world not so good.
at 11:09 AM