3/8/10 Jim Rogers on Bloomberg: Greece Bankruptcy Would Be Good for Euro!

http://JimRogers.com

im Rogers, chairman of Rogers Holdings, talks with Bloomberg's Betty Liu, Jon Erlichman and Adam Johnson about Greece's fiscal woes. Rogers, speaking from Vienna, also discusses the outlook for the U.S. stock market, China's yuan and investment strategy.

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News & Politics

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• bloomberg
• greece
• bankruptcy
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• u.s.
• stocks
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• market
• china
• yuan
• investment
• strategy
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[jb2134]

When I become a billionaire, I want to wear a yellow bowtie :)

[kurktchian]

Jim flirts with everyone ! :D old spice

[Maxobillion]

@pretorious700 The way all women should be.

[pretorious700]

Betty is gorgeous, and dumb as a post.

[pretorious700]

@Zeldovich lol, "credible economist" ozymoron much, moron?

[Cadmium77]

Wasn't Jim once the right hand man of George Soros?

I judge a man by the company he keeps. He keeps company with a criminal dirtbag.

[jeremyliu122]

I'm not particularly interested in the matter at hand, more so the news anchor.

[Zeldovich]

@Invirtuo

And have you read Friedman? This is actually more of a Friedman perspective. Anyway, you should be embarrassed on multiple levels.

[Zeldovich]

@Invirtuo

These are monetarist perspectives, not Keynesian. Not knowing the difference only increases my suspicion that you don't even understand basic economics. That's econ 101 stuff.

Have you even read Keynes? It sounds like you're just parroting this Austrian crap that no credible economist has taken seriously since the 1930s, with the exception of Hayek, who won his Nobel for non-Austrian work.

[Invirtuo]

@Zeldovich Well why didn't you just say you were a Keynesian. I would have stopped taking you seriously ages ago

[Zeldovich]

@Invirtuo

3.) Money velocity is reflected in nominal GDP, the constancy of which is the money supply / real GDP. The US, for example, typically has a 5% nGDP level at full capacity, with 2% inflation and 3% real GDP growth. So, when real GDP falls, an increase in the money supply will keep money velocity constant, with the hit in real GDP being the actual damage done to the economy due to problems such mortgage defaults. This makes the magnitude of an economic shock clear.

[Zeldovich]

@Invirtuo

Why are you commenting about future inflation without even having check those spreads? lol What school do you go to anyway?

And that formula for money velocity is a mere accounting identity and is not part of modern macroeconomics at all. Ask your econ professors.