Jim Rogers: The Stress Tests Were A Huge PR Gimmick And Now More Problems Are Coming

Jim Rogers 616

The stress tests have solved nothing, says JIm Rogers.


Rogers said the European test was “a PR exercise just as was America’s.”

They were “a waste of time – and journalistic ink,” he wrote in an e-mail.

“There are more problems coming in the currency markets, pension funds, US states and cities, etc. None of this was considered although the latter is only indirect for the European banks,” he said.

We’d like to see a U.S. states stress test, to see how bad things could get in the U.S.. One that isn’t just a PR exercise, of course.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.