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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (151433)9/28/2008 12:50:12 AM
From: patron_anejo_por_favorRespond to of 306849
 
Jim Rogers on Faux, just said in response to comment about Fortis being in trouble: "Businesses are going bankrupt, and will continue to go bankrupt. And life goes on". Compares this bill to Japan in the 90's creating zombie companies. Spot on.
We're gonna face exactly what Japan did by not realizing losses, marking down inventory and letting markets clear.

He recommends aggressive shorting of U.S. long treasury debt.