June 17, 2011

The Economy Will Not Recover Until We Accept Reality

"The US economy will not recover until we accept reality, stop spending money we don't have, go down to a lower level, and start over." - in GuruFocus.com

Tickers: UltraShort 20+ Year Trea (ETF) (TBT) iShares Barclays 20+ Yr Treas.Bond (ETF) (TLT) iShares Lehman 7-10 Yr Treas. Bond (ETF) (IEF), ProShares UltraShort S&P500 (ETF) (SDS), SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index (ETF) (IWM), ProShares UltraShort QQQ (ETF) (QID), SPDR Dow Jones Industrial Average ETF (DIA), PowerShares QQQ Trust, Series 1 (ETF) (QQQ)

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.