On a lighter note, financial guru Jim Rogers predicts Geithner failure

Richard Neer is sounding like an authority figure these days. I had to move on to a cheerier catastrophe. A Bloomberg News story on a financial guru who predicts disaster:

• Feb. 11 (Bloomberg) --" Jim Rogers, chairman of Rogers Holdings, said he renewed bets that U.S. stocks will drop as the government’s economic revival plan is
• a “disaster.”

Rogers is shorting U.S. equities including International Business Machines Corp., General Electric Co. and JPMorgan Chase & Co. after closing earlier bets during October’s meltdown, he said in Singapore. So-called short sellers borrow stocks and sell them on hopes of capturing a profit by replacing the shares after prices fall.

• “I covered most of my shorts in the U.S. stock market back in October specifically, and waited for a rally and there’s been a bit of a rally, so now I’ve started shorting again,” Rogers said.

• The bank-rescue plan is “a big, horrible disaster.”."..

On Tim Geithner: "“He caused the problem all last year,” Rogers said on Bloomberg Television.

• “He came up with TARP, and he came up with all these absurd bailouts.

• Mr. Geithner has never known what he is doing.

• He doesn’t know what he is doing now and pretty soon everybody is going to find out,

• including Mr. Obama.”"...

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