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Newsmaker: Jim Rogers betting against JPMorgan

Friday, May 17, 2013 - 02:29

Investor Jim Rogers is betting against JPM through the options market. He says having a separate CEO and Chairman is probably a better way of running the company.

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You are very well known critic of the Fed bond buying program that you actually seat and tapering taking place. Well looks like mr. Bernanke is gonna leave in January he probably gonna leave because he knows it was to get out before the whole thing collapses. I would suspect not before you ladies because he does it take credit for eventual problems. Maybe next year maybe the year after they said they -- with the 2015. That is because they say something doesn't mean it's gonna happen is the US economy strong enough. For the quick slip them in the cynicism and saying policy. So insane policy even than the economy's not strongly. Debasing a currency and putting staggering amounts of money has never been a good. Long term or medium term policies so yes again as -- the economy strong enough. I can't conceive that we're doing it in the first place and little treasuries are you shorting treasuries and on not torture his was. I -- -- on the Cyprus today. I -- short John funds. Because when the bond market starts to unravel wind if it ever does. That bond that junk market is going to be the most susceptible and very short and gone through yet. And who's gonna place Bernanke you know he's not in his biggest and who's gonna replace it get any better is getting better -- -- is going to be somebody who does -- who -- from mr. Bernanke. You know mr. and it can hold stamp of negotiable Obama who haven't had. It's gotta be this -- it's gotta be this guy because they understand how we think they understand what's going on. It's madness for all of us that's not good for the US not good for the world but it'll be somebody who thinks like Burnett for. Another business personality is facing a big test that is at JPMorgan. Jamie Dimon. Shareholders vote on May 21 to split the CEO chairman role is the bank to be for one. But who knows. I don't know I'm sure JPMorgan code calls. But usually if you have anything to people are better than one if there's two people are compatible and can work together. Normally two is better than one yes pretty simple life but I have I don't know Jamie can do it better than two people are not in what happens if he leaves. Stock program for awhile but then Jamie -- did not diligent people look at him maybe a surprise to Jamie -- -- he had not been a JPMorgan.

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Newsmaker: Jim Rogers betting against JPMorgan

Friday, May 17, 2013 - 02:29