Rainy Day Feeling

Here comes the rain again
Falling on my head like a memory
Falling on my head like a new emotion
--Eurythmics

Commentary from Jim Rogers w.r.t. the EU bailout. The meat of the matter is around 2:20 in the interview, where he marvels that adults could really believe that more debt and spending can solve a debt and spending problem.

Amen brother.

It has often been said that future generations will be the ones on the hook for our foolishness. But as Jim notes near the end of the talk, the size of the problem now suggests that we'll paying in present time.

Also interesting to learn the he's been putting out shorts over the last month or so--for the first time in nearly two yrs.

position in SPX