Sunday, 12 June 2011

Dollar Bear Rogers Say He’s Buying Greenback as Others Shun It: Tom Keene

http://www.bloomberg.com/news/2011-06-10/dollar-bear-rogers-say-he-s-buying-greenback-as-others-shun-it-tom-keene.html

Investor Jim Rogers, who last month called the U.S. dollar a “total disaster” in the long term, said he’s buying the greenback because markets are increasingly pessimistic about the currency.

SS says

Now he is starting to make some sense.

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“I actually own the dollar right now,” Rogers said in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. “I saw that 95 or 96 percent of people are bearish on the dollar, so I stepped in and bought.”


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