11/2/2007-Part 1 Jim Rogers Interview On Bloomberg
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He Rocks doesnt he?? he displays a brilliant wisdom and intelligence unseen in many investors
Level 3 Assets
What Does It Mean?
What Does Level 3 Assets Mean?
Assets whose fair value cannot be determined by using observable measures, such as market prices or models. Level 3 assets are typically very illiquid, and fair values can only be calculated using estimates or risk-adjusted value ranges. In addition to Level 1 and Level 2 assets (both of which have more accurate fair values), Level 3 assets must be reported on by all publicly traded companies as of 2008.
Damn… I thought this was THE Mr Rogers
Are you serious? Come on, level 3 assets are all the securitisation of the toxic assets, off balance sheet garbage which have created this mess, based on unrealistic valuations….perhaps the terminology was not used, but it equates to the same thing
Jim Rogers presented some brilliant analysis in this interview. However, he made one small prediction that did not pan out; he predicted that we would be hearing a lot about “level 3 assets.” I watch a good deal of business news, and I cannot remember hearing anybody (except Rogers) utter the phrase “level 3 assets.” To me, it’s a sign that business news is generally poor.
He was 100% a year ago………..wow We have some screwed up leaders
Look at those prices at 7:59,
C at $38
Goldman $235
Merrill $58
Bear $105!!!!!
Shows that stock “prices” are not always real numbers.
Jim crushed the market with that ibank short trade. Buy 10 more houses in Singapore?
Great interview, the truth is always harsh, I doubt how many our fellow American really understand what he said. Otherwise, how come now we have two idiots run for next president?
While you have mastered the art of typing, you fail at historical education evaluation.
There are two keys on your keyboard one immediately left-adjacent to the “u” key and the other two steps right adjacent to the “u” key that can be used to formulate the word “you.” It makes things clearer, you should try it.
It’s easy to spout hyperbole on the internet, that’s a given.
Limiting government is a key concept you need to investigate, because a government cannot govern a population effectively when it grows so large that it enslaves those it governs.
Prophetic guy.
Most Americans are unemployed, but do not count as unemployed pursuant to BLS calculations. For example: somebody on Social Security Disability. Employed? No. Counted as Unemployed? No.
That’s funny since most know a whole lot more about REAL history rather than special interest history than most leftists. Let me guess that you also think that Lincoln was a kind and humane guy who never imprisoned anyone for questioning him and that Herbert Hoover was a laissez-fairest.
That’s funny since most liberatarians would be able to circle around you one hundred times in economics, history, etc. Murray N. Rothbard, Ludwig von Mises, and Ron Paul no more and predicted more than some brainwashed moron like yourself who probably thinks that communism actually put food on the table.
It would be even better if he was the president.
I doubt he’s got the time, but it sure would be a great thing for the country if the next president would appoint Jim Rogers as the secretary of the treasury.
-jcr
I know, I think I’m loved up already…
)
Seems smart too. Rogers, as ever, was bang on the money. Great interview
Indy Mac – BANKRUPT!
Countywide – no more
Bear Sterns – BANKRUPT!
Fannie Mae – NATIONALIZED
Freddie Mac – NATIONALIZED
Merrill Lynch – no more
Lehman Brothers – BANKRUPT!
AIG – NATIONALIZED
WaMu – effectively BANKRUPT!
Wachovia – no more
GM – soon to be BANKRUPT!
Ford – soon to be BANKRUPT!
DJIA – from 13,307 at 8300 (and falling)
libertarianism = economic anarchy and chaos
watch?v=V-4kCD4nbrw
watch?v=rRYt4CGISm4
watch?v=RJeVSTQWaNc
watch?v=y428AAUBR5c
I’m not a kid and I do not believe you understand my positions. I’m not an anarchist, I don’t want an “absence of government”, just constitutional government. Why do you think I want chaos? I fight against the centralized oligopolization systems that creates the chaos. You should really watch some of my videos if you care about your grandchildren! My lack of love for fascism does not equate to a love for anarchy.
listen kid……..
absence of govt is not freedom
chaos is not freedom
anarchy is not freedom
now grow up
Why do you hate people who spread individual liberty and freedom away from centralized monopolistic coerced systems that reduce civil liberties? Why would you reject a man who rejects special interests and big business due to principle, something no other candidate has ever been able to do? I just don’t get why people have such a problem with somebody who is an abolitionist….
Peace
Rogers needs to read Wm Lindsey & the Colorado Senators account of Gill Island
Over all, I subscribe to Jim Rogers advice