Monday, December 13, 2010

US & Europe headed for years of decline

Jim Rogers inverview on Reuters 2011 Investment Summit :
We're going to have more crises down the road.
The politicians keep delaying the problems rather than dealing with them.
Things may look better for a while, but I'm very worried about the longer term.
Both the US & Europe are headed for years of decline because of their loose monetary policies & rescue tactics.

Investment in productive capacity is what leads to long term growth.
The Pound is worse than the Dollar. 

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