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Tuesday, December 15, 2009

Jim Rogers: we're making the situation worse

What we are doing now is making the situation worse. The idea that you would solve a problem of too much debt and too much consumption with yet more debt and yet more consumption? That defies comprehension, for me. Now, I'm not a politician, or obviously I'd think this was brilliant.

It's making the situation worse, and in two or three years—or maybe even next year—we're going to be facing a much, much worse situation.
-- from "Jim Rogers: Long Sugar, But Getting Short Bonds", an interview with Jim Rogers by Heather Bell.

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