CNBC's Lame Goldman Call
Goldman Sachs bought a laughably small amount of US government debt and CNBC screams "Goldman Goes Long US Government". This is dumb. The amount they upped into treasuries was peanuts - this could have been a single trader on a correlation between treasuries and Derek Jeter's batting average.
UPDATE: Some people view Jimmy Rogers as an annoying, megalomaniacal gadfly and others see him as a sophiticated, successful investor. For me, he's somewhere in between. Anyway, he thinks US debt is a short....just like Warren Buffett.
UPDATE: Some people view Jimmy Rogers as an annoying, megalomaniacal gadfly and others see him as a sophiticated, successful investor. For me, he's somewhere in between. Anyway, he thinks US debt is a short....just like Warren Buffett.
1 Comments:
Anyone with sense would be long the Captain and short the Obama Treasury.
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