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.
Friday, August 3, 2007
U.S. Housing Is Among `Biggest Bubbles,' Rogers Says
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.
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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.
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