Friday, August 3, 2007

Jim Rogers Calls U.S. Housing Market One of History's `Biggest Bubbles'

(Bloomberg) -- The U.S. subprime-market rout that
wiped out $2.1 trillion from global share values last week has
``got a long way to go,'' said Jim Rogers, who predicted the
start of the commodities rally in 1999.

This week's rebound in equity markets hasn't persuaded
Rogers, 64, to pull out of bets that U.S. investment banks and
homebuilders are heading for further declines.


Read more at Bloomberg Currencies News

No comments: