Daily Market Update

Bernanke buys Bear Stearns traders’ Maseratis

Jim Rogers was his usual outspoken self when interviewed on Bloomberg’s Morning Call. Breathing fire from the start he stated his disdain for the Fed’s supposed ‘strong dollar policy’ (“Do you even bother reporting that anymore?”):

Anyone who is watching or listening to this should get out of the dollar because the Fed has given up


Interviewer: Where do we go from now?

Throughout history the place to be when a currency has been under duress is to be in real assets…I own gold, I own Oil, I own all the stuff

He also has a few choice words for Ben Bernanke and the Bear Stearns bailout. Watch the video here.

Those Maseratis don’t buy themselves.

Mark OByrne

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