Jim Rogers was on CNBC with Maria Bartiromo on CNBC to discuss Europe's debt crisis, bailouts of Spain and Greece and why those countries should be allowed to go bankrupt. He also discussed his views on the U.S. economy. He also said that it was wonderful that they let Lehman Brothers go bankrupt. He thinks that world will not come to an end if some of these countries are allowed to go bankrupt. Let them go bankrupt and let everyone restart again. He also said that oil will go through the roof in the long term.
Here is the video:
About the author:
Dheeraj GroverI am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne