Jim Rogers : Greece is insolvent

“Greece is insolvent, Portugal has a liquidity problem, Spain has a liquidity problem, Belgium and Italy has been faking the books for a long time, the UK is totally insolvent, this is a serious problem we have in the west and somebody has got to deal with it,” Jim Rogers said yesterday in a CNBC interview ...

Greece likely to default by 2013, says Mohamed El-Erian

INTERNATIONAL. Greece is likely to default over the next three years because budget-cutting won’t be enough to reduce the nation’s debt burden, Pacific Investment Management Co .(PIMCO) Chief Executive Officer Mohamed A. El-Erian said.

It’s in Greece’s interest to default “as long as you can contain the contagion to other countries and it is done through orderly restructuring and repricing to retain competitiveness,” El-Erian said at a conference sponsored by the Economist magazine in New York yesterday. Like Latin America’s “lost decade” in the 1980s, “the alternative doesn’t promise growth and employment generation,” he said.

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Jim Rogers : Greece is not the first nor the last country to go bankrupt

Jim Rogers Exclusive interview March 20, 2010

Jim Rogers says that he owns the Euro he longs the Euro cause he believes things will be good for a while , , he also says that the so called speculators or the hedge funds managers are not to be blamed for Greece problems , people invest where there are opportunities , many speculators invested in Greece and Greek property market when Greece joined the EU , but then the Greek politicians turned Greece into a disaster so the speculators started shorting Greece , Jim Rogers says "I did not hear the Greeks complaining about the speculators when they were investing in Greece but they are complaining now"
Greece is not the first nor the last country to go bankrupt ,these things happen all the time all along history countries banks and corporations went bankrupt , this is the way the market is working , many will make money and many will lose money Jim Rogers explained

Jim Rogers president of Rogers Holdings is a successful hedge fund manager, investor, writer and regular media commentator. In the 1970's he co-founded with George Soros the Quantum Fund, a private investment partnership which invested in commodity futures, among other investment vehicles, and experienced superior returns over 10 years. former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver . Rogers has been chronicled in John Train's “Money Masters of Our Time”, Jack Schwager's “Market Wizards” and other books. He is the author of several books on investing and the market, and in December of 2004 published “Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market”. Jim Rogers once said about investing in commodities :"Investing in commodities can be a hedge against a bear market in stocks, rampant inflation, even a major downturn in the economy. In fact, I believe that investing in commodities will represent an enormous opportunity for the next decade or so.”
Jim Rogers Commodity Index Rogers International Commodity TRAKRS , trades on the Chicago Mercantile Exchange under the ticker symbol RCI. The RCI represents the U.S. dollar value of a basket of 35 commodities consumed in the global economy both in developed and emerging markets

Jim Rogers : Greece Should Not Be Bailed Out

Jim Rogers : I doubt if I will own Sterling in my life time , things are very very bad for sterlingBloomberg 19 Mar 2010

Do Not blame the speculators blame the Greek politicians Jim Rogers says ...
March 19 (Bloomberg) -- James Rogers, chairman of Rogers Holdings, talks with Bloomberg's Andrea Catherwood about his investment strategy for the euro and the pound. Rogers, speaking in London, also discusses the prospect of an international bailout for debt-stricken Greece.

Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver

Jim Rogers : why I long The Euro

Jim rogers : Well I’m long the Euro because I expect them to come through this one okay. Either Greece is going to be papered over and they’ll give a blast to the Euro, or they’re going to let Greece go bankrupt. In my view, this is what they should do because then people would say, “Wow. They’re serious about sound economies in Europe.” That would make the Euro very strong. Then people would know they are not just going to print money or paper over failure.

Either way, I think there’s probably a rally coming. There’s a huge short position in the Euro and whenever there’s been a huge short position in anything, it’s sometimes profitable to go to the other side. So, I am long the Euro because I think there are too many pessimists.

Maybe Greece will go bankrupt and the Euro will collapse before people realize, “That’s good … that’s not bad.” Sometimes it takes a lot for perception to become reality or reality become perception.

via wallstcheatsheet.com

Jim Rogers on Greece Fiscal Woes and The Euro

Jim Rogers : Greece should be left to go bankrupt

March 8 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Betty Liu about Greece's fiscal woes. Rogers, speaking from Vienna, says a bankruptcy for Greece would benefit the euro. (This is an excerpt of the full interview. Source: Bloomberg)
Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver