The IMF Has Very Rarely Been Right About Anything

If you go back and look at the World Bank and the IMF, they have never or very rarely been right about anything other than spending billions and billions of dollars and coming up with great lifestyles for the bureaucrats that have the jobs.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Crude Oil Will Probably Retest The Lows

The way markets work, usually, when something has a big collapse, there is a dead cat bounce, there is a big bounce for whatever reason and then a few weeks or months later the market tests the lows. So, I would suspect that there will be a test of the lows sometime in the next few weeks or months but the lows will hold.

Trading instruments: Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE), Exxon Mobil (COM)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.