The Dollar next move is critical : Jim Rogers

The dollar’s next move is critical, famed investor and commodities legend Jim Rogers said,
“if it goes down 3% or 4% from here, I would have to sell and get out and hope I’m still solvent.”
Rogers continues: “Somewhere along the line we’re going to have a tipping point for the dollar, then it’s all over.” “I thought it would happen in a few years; maybe it’s going to happen in a few weeks.” Jim Rogers told Yahoo Finance recently





.Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Mohamed El-Erian on The Fed statement

Mohamed El-Erian on The Fed statement: “What struck us when we were discussing in our investment committee is how can you have a statement about the U.S. (NYSE:SPY) outlook on a Tuesday that follows a major catastrophe a few days earlier in the third largest economy in the world. We thought there were two interpretations. What we hope is the correct interpretation or motive for the Fed is that the Fed simply did not have enough information. The material for its meeting was prepared ahead of the earthquake and the tsunami. There was not enough time to fully understand the impact on the U.S. economy. That is one interpretation and I hope it is the right one. The second interpretation is something that has been said by certain economists, which is that the impact of the Japanese disasters on the global economy will be transitory in the sense that they will be temporary and reversible. Our view is that it is too early to say that. We hope that is the case, but it is too early to say that. We should not simply assume it will have a transitory effect on the global economy. We should be analyzing in depth because this is a major development that has economic implications in addition to the horrible human suffering.”
in Bloomberg Television