The latest from Jim Rogers; he continues to avoid shorting as the amount of paper printing "prosperity" is overwhelming.

"Very few times in my life had I not had shorts." In fact he believes its the first time since 1987 he has abandoned his hedges. This type of thinking makes me really give pause - he is not bullish on the US economy, he simply is in abject fear of the level of paper printing going on that will drive up all assets regardless of the intrinsic value. (May 20: Jim Rogers Agrees with Marc Faber) (May 15, 2009: This was a Central Bank Printing Press Rally)

As we've been writing for the better part of the past year, the US has decided to kick the can the final time - this time moving risks and obligations from the private sector to the public sector (taxpayers). And this is how one eventually gets a currency crisis. When? Who knows... it could be years. But there is no place left to kick the can once you've used your government entities to suck up the bad decisions from the private sector.

He does talk about what the bond yields rising indicates in his mind... very similar to what we've been writing.

p.s. Oh Dennis Kneale, would it bother you THAT much to do some research on your guests? I know it's just a well paid TV gig that you can say whatever you want as long as it includes "buy stocks" and "I'm bullish" but can you at least give the appearance of doing homework. I mean, if you are not going to do "research" on Jim Rogers background ("I don't know how you were invested in the past" "So how long have you been living in China?") - who happens to be one of the most successful long term investors of a few generations... I can only imagine the 'research' done to trying to form questions to any other guest. But really I suppose it does not matter when every day ends with "I'm bullish" and "I love stocks".