Jim Rogers doesn't sound like Noriel Roubini....more like Peter Schiff.
It sounds like a "let them fail" vs "Pump them up" when Roubini talk about Nationalizing the banks. (though both agree that Zombie banks are a very bad thing!)
What do you think?
I'm worried that people who have been savers will be the "suppliers" of the money needed for the bail-outs. It doesn't seem to fair to make those who have been responsible to pay fop those who maxed out their credit cards. (or used their house as a giant ATM over the years)
I suppose I am sporting more of a Peter Schiff / Jim Rogers mindset.
What do you think?
I'm worried that people who have been savers will be the "suppliers" of the money needed for the bail-outs. It doesn't seem to fair to make those who have been responsible to pay fop those who maxed out their credit cards. (or used their house as a giant ATM over the years)
I suppose I am sporting more of a Peter Schiff / Jim Rogers mindset.
1 Comments:
Peter schiff is the number one gloom and doomer. This guy would go out of business in five minutes if things were going really well.
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