[Jigajog]

I would think that Soros and his friend know a lot about desertion. Go figure, the guy works for a former NAZI.

[BGHater]

http://quote.bloomberg.com/apps/news?pid=20601087&sid=amQBwDBSDvBE

``I’m in the process of — I hope in the next few months — getting all of my assets out of U.S. dollars,’’ said Rogers, 65, who correctly predicted the commodities rally in 1999. ``I’m that pessimistic about what’s happening in the U.S.’’

``It’s the official policy of the central bank and the U.S. to debase the currency,’’ said Rogers, a former partner of George Soros.

Reserve Currency

``The U.S. dollar is and has been the world’s reserve currency, the world’s medium of exchange,’’ he said. ``That’s in the process of changing. The pound sterling, which used to be the world’s reserve currency, lost 80 percent of its value, top to bottom, as it went through the whole period of losing its status as the world’s reserve currency.’’

The Chinese currency, known as the renminbi, or yuan, is ``the best currency to buy right now,’’ Rogers said. ``I don’t see how one can really lose on the renminbi in the next decade or so. It’s gotta go. It’s gotta triple. It’s gotta quadruple.’’

The yuan strengthened past 7.5 to the dollar today for the first since the central bank ended a fixed exchange rate in July 2005. The currency has gained 10.5 percent since the dollar link was abandoned.

China, growing faster than any other major economy, is ``going to be the most important country in the 21st century,’’ he said. China’s gross domestic product expanded 11.9 percent in the second quarter, and analysts surveyed by Bloomberg estimate the economy grew by 11.5 percent in the three months to Sept. 30.

[Sgt_Schultze]

Figuring it will take about a year to talk down the economy. Hillary needs every chance to get elected.

Look for Soros to finance a turd-party candidate to siphon off values voters. No clinton has ever been elected president with a majority of votes cast.

[in hoc signo vinces]

This guy needs to get out more...

[kddid]

It seems to me that the economy has its peaks and valleys over any given period of time. Are we heading into a valley? I have no idea. However, given the current state of the economy - good, bad, risky, secure, what should one do if there are a few extra dollars in the bank account? Interest on savings accounts dropped after the FED dropped the interest rate. What should a person do? Any gurus out there with some advice?

[Lion Den Dan]

If the performance of my portfolio over the last year and particularly the last quarter indicates recession, then recede away. Retirement never looked so good.

[Leftism is Mentally Deranged]

It’s getting near the election. The left is going to start saying the words “Bush recession” over and over again, like they did a few years ago.

[hermgem]

Now that these Soros and his liberal Democrat friends followed through by making the U.S. even more dependent on international oil, no nuclear power, limits on coal, no drilling for oil, they desert the dollar.
Growing ethanol turned into a flop as this wonder gasoline takes more energy to be produced than it yields, and at the same time steeply caused food price increases.
Happy motoring after switching 7 million acres from food production to growing ethanol.
With a slowing economy there just might be more unemployment and therefore even less power and energy usage.
Soros and liberal Dems win all around.

[Brilliant]

Rogers is kind of a nut.

[wideawake]

This is typical behavior for famous investment managers like Warren Buffett, Peter Lynch, Bill Gross, Julian Simon, etc.

They use TV appearances and interviews to push investment strategies they endorse and then they reap the returns as their slavish followers mimic their strategies.

Self-fulfilling prophecies are how these operators work.

[enough_idiocy]

A recession = 2+ quarters of negative growth. Thus far, 0 such quarters. End of story. The MSM is trying to create another self fulfilling prophecy.

[mrmargaritaville]

sure it is, and the recession coincides with the Dems taking control of the congress.

[unixfox]

I guess I better close up shop and wait until this thing is over. Wouldn’t want to disappoint the media ya know.

[olivia3boys]

A recession=two consecutive quarters of declining growth, correct?