Jim Rogers Sees More Pain to Come While Warren Buffett’s Housing Expert Sees Rebound Under Way
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“There has been more showboating and discussion than actual rubber that meets the road,” he said regarding the legislative impasse. “The fact of the matter is we really need to have some new legislation in place to slow down and stall the foreclosures where people basically bought into a home under mortgage financing programs they didn’t understand.”
[Editor’s Note: Just two months ago, Money Morning Investing Director Keith Fitz-Gerald’s flew to Singapore for an exclusive interview with investing guru Jim Rogers. The two-part series that resulted is available here, free of charge. In Part 1, Jim Rogers predicted more pain for the U.S. dollar and the possible failure of the U.S. central bank. In Part II, Rogers talked about China’s unstoppable economy. Please click on the book title to check out a new Money Morning offer that includes a free copy of Rogers’ new bestseller, “A Bull in China.”]
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Tags: , Barclays Plc, credit crisis, Financial Crisis, George Soros, Global Credit, Homeservices Of America, Investment Banks, Jim Rogers, Subprime Mortgage, Wall Street, Warren BuffettAbout the Author
William (Bill) Patalon III is the Managing Editor and Senior Research Analyst for Money Morning, and is also the Managing Editor for The Money Map Report. Patalon's work has appeared in Kiplinger's personal finance magazine, USA Today, and The South China Morning Post, among other publications.
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