I just finished perusing over Jim Roger’s most recent comments on the Eurozone; and I find I generally agree with everything he has to say.
Europe is playing a fast game of bluffing when everyone already knows what they have. It’s destined to fail. Only a combination of zealots trying to save their little project, high frequency speculators, and the totally uninformed will be caught exposed to Europe’s bonds.
So why, then, is Jim Roger’s bullish on China???
It’s like he has no idea where China’s economy comes from. I’ll give you as many guesses as you’d like.
When half of China’s GDP comes from ponying shit to Europe and the US, how can you forecast an EU implosion and then make the jump to “oh well, that nation that doesn’t know how to do anything but sell cheap labor to bigger nations will be just dandy.”
It’s like trying to argue that
a pilot every pilot on a plane can have a suffer heart attacks midflight but then predict zero casualties amongst the passengers.