This is a guest contribution by Damien Hoffman, editor of the very popular Wall St Cheat Sheet blog.

Rogers is one of the most respected investors in the world. I had a chance to chat with him the other morning to get more details about some of his recent comments in the media …

Damien Hoffman: Jim, you were in the media a few times last week and I want to follow up on a few points you made. You said on Bloomberg that Nouriel Roubini did not do his homework regarding the asset bubbles about which he is now warning. Can you explain what homework he did not do?

Jim: All of it. How can you talk about a bubble when assets such as

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

• Nelson Schwartz (HeraldTribune.com): Inside the global gold frenzy, November 8, 2009. Long considered the ultimate refuge for nervous investors, gold has climbed as the dollar has steadily weakened, budget deficits have expanded in the United States and Europe, and central banks have continued to pump trillions of dollars into weak economies, creating fears of another asset bubble that will ultimately pop. “It’s not that gold has changed, but gold buyers have changed,” said Suki Cooper, a precious-metals strategist for Barclays Capital. “It’s a structural shift we’re seeing on the investing side, from Asian central banks right down to individual investors buying ingots and coins.”

• William Rees-Mogg (Times Online): Which will come out on top: paper or gold? November

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

• Mohamed El-Erian and Ramin Toloui (Financial Times): How to fill the gaps left by dollar decline, November 5, 2009. We should expect to see more discussion in the next few years on new types of reserve assets.

• James West (GoldSeek): Gold price is no bubble, November 4, 2009. The price performance of gold recently has all sorts of armchair economists waxing philosophical on the idea that this is the advent of a price “bubble”. While certainly everyone has and is entitled to their opinion, there are other features of humanity that we all possess, and much like many opinions, are best obscured from view. Declaring that gold is in a “bubble” demonstrates complete ignorance of or disregard for

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Friday October 30, 2009

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Too big to fail, is still heavy in the derivative market, and primed for a gigantic collapse.

Congress needs a chimney sweep to clean the soot from the smoke they’ve been blowing. Our do nothing congress; well we can’t really say do nothing, they did bail out the banks, and they have raised more money for themselves this session from Insurance, health care and bank lobbyists than in any other one year period, and the year isn’t even over. Now they are spreading the word, the gospel of Obama, it’s time to

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

• Richard Ennis (CFA Institute): The uncorrelated return myth, November/December 2009.

• Peter Clarke (Financial Times): How to avoid a repeat of the Great Crash, October 28, 2009. The chain of events leading from a collapse in stock prices on Wall Street to a Great Depression has leapt from history with an entirely fresh verisimilitude. John Authers (Financial Times): GDP grows, but pain remains, October 29, 2009. US GDP numbers were a good enough reason to halt the return of risk aversion, but the key to whether risk appetite can return depends on US employment data.

• Economist.com: As joyless recovery, October 29, 2009. New figures suggest that America has at last moved out of recession.

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

• John Hussman (Hussman Funds): Rumors of the death of the credit crisis are greatly exaggerated, October 26, 2009. In recent months, I’ve strongly rejected the notion that the credit crisis has been conveniently placed behind us and that the U.S. is now in a typical post-war economic recovery (and can be approached as such from an investment perspective). This view continues to strike me as dangerous and even naïve.

• Dave Nadig (IndexUniverse.com): Nouriel Roubini - big crash coming, October 23, 2009. Roubini will be the keynote speaker at IndexUniverse’s upcoming “Inside Commodities” conference on November 4 at the New York Stock Exchange. IndexUniverse sat down with Dr. Roubini ahead of the conference to take his temperature

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

• Robert Fisk (Independent): Secret plan to ditch the US dollar’s dominance uncovered, October 6, 2009. Arab states have launched a secret plan with China, Russia and France to stop using the US currency for oil trading.

• Ambrose Evans-Pritchard (Telegraph): China calls time on dollar hegemony, October 6, 2009. You can date the end of dollar hegemony from China’s decision last month to sell its first batch of sovereign bonds in Chinese yuan to foreigners.

• John Hussman (Hussman Funds): Defensive, but a measure of equanimity, October 5, 2009. My view continues to be that the intrinsic condition of the US economy has not improved, and that the green shoots we’ve observed are a transient artifact

This post provides links to a number of thought-provoking articles I have read over the past few days that you may also find interesting.

• Matt Taibbi (Taibblog): An inside look at how Goldman Sachs lobbies the Senate, September 29, 2009.

Samuel Brittan (Financial Times): A cool look at the current deficit hysteria, October 1, 2009. In the early Victorian period the debt ratio was nearly 200 per cent and almost reached that level again in the early 1920s.

• Edmund Conway (Telegraph):  An inconvenient truth: financial crises are inevitable, October 1, 2009. The IMF’s new early warning system to avoid crises such as the credit crunch is doomed to disappoint.

• Edward Harrison (Credit Writedowns): The recession is over but the depression has just begun, October 1, 2009. This post discusses why we are in a depression, not

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

• David Rosenberg (Financial Times): Equities carry too much risk, September 23, 2009. The banker J.P. Morgan was fond of saying: “I never buy at lows, I never sell at the highs, I play the middle 60 per cent.” Well, from our lens, we are well past that middle 60 per cent point of this bear market rally.

• Roman Frydman and Michael Goldberg (Financial Times): An economics of magical thinking, September 23, 2009. Confidence seems to be returning to markets almost everywhere, but the debates about what caused the worst crisis since the Great Depression show no sign of letting up. Instead, the spotlight has shifted from bankers, financial engineers and regulators to economists and their theories. This is not a

This post provides links to a number of thought-provoking articles I have read over the past few days that you may also find interesting.

• Byron Wien (Financial Times): Focus on big ideas for the best chance of future returns, September 15, 2009. For some time now I have wondered why investors spend so much time trying to anticipate small changes in corporate performance or economic activity, when it is the big shifts that provide the greatest opportunity to make serious money. Perhaps it is easier to figure out whether a company’s quarterly earnings are going to beat the estimates of security analysts or whether the monthly unemployment rate will be higher or lower than expected, but I believe it is better to spend your time trying to think through important trend changes and then waiting them out.

• Andrew Ross Sorkin (The New York