Jimmy Rogers In Recession Camp

Originally Published In the News January 7, 2007 11:58 AM

Jimmy Rogers was so bearish on the U.S. that he sold his house on the Upper West Side of Manhattan and moved to Asia. His daughter should be fluent in Mandarin now, just as he cuts his remaining ties to his birthplace:

``I hope by the end of this year all of my assets will be out of the U.S. dollar,’’ Rogers said. ``The dollar is a currency that’s terribly flawed and it’s going to be under duress for many years to come.’’

Rogers said in a Nov. 15 interview that investors should sell the dollar and that he expects to be rid of all his U.S. currency assets this year. Bloomberg

For those pikers who need to stick it out in the States, you better figure out a way to stay ahead of the Joneses. Shorting the dollar might alleviate some of your pain, will the Euro move to new highs vis a vis the greenback? The crowded trade has been marking time, but if Rogers is correct we could see $160 here by year end.

Rogers Says U.S. to Have Worst Recession “in a While”
Bloomberg

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