Monday, January 2, 2012

Jim Rogers outlook for Spain

Jim Rogers : And the next time America has a problem the world will have more of a problem, but the world doesn´t have many bullets left. I mean they cannot continue to increase the debt by staggering amounts of money which is just not possible, and we cannot print huge amounts of money anymore. So the next time around, Spain, Europe, America, the world, are all going to be badly affected with more bankruptcies. I don´t know exactly who, when or where. Spain is not in bad shape as some countries. Spain is in bad shape. They do have a new government which says they understand the problem and says they´re going to do something.Let's hope it does and then Spain will not go bankrupt. - in El Economista

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