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Tuesday, January 3, 2012

Jim Rogers on CNBC

Jim Rogers was on CNBC earlier today talking about how he is buying the Euro (quite the contrarian play considering all the bearish sentiment). Rogers also made a case for why he thinks the Swiss Franc will have a good run in 2012 as the Yen and Dollar lose confidence as reserve currencies. He also thinks that the Swiss Central Bank’s attempts to keep the currency from strengthening above 1.20 against the euro — moves aimed at protecting Swiss exports — will ultimately fail (this point was particularly interesting as it has the potential for large overnight moves i.e. Pound Sterling in early 90s).


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