Jim Rogers, chairman of Rogers Holdings, speaks with Bloomberg about Greece, the future of the euro, and his strategy for stocks and commodities. “In the end, I don’t think the euro will survive,” says Rogers, expecting the currency not to last more than 10-15 years. “At the moment, we’ll probably have a rally.” Rogers expects the stock market to continue correcting itself for a while. Currently, he’s not selling any commodities nor buying... Full Story

Greece An economy on the brink. Horrible pollution. And now a "carpet of frogs" to contend with? Greece sure has it tough these days. A horde of frogs caused the closure of one of Greece's major highways near the city of Thessaloniki. The city's traffic police chief said that the "millions" of frogs were likely looking for food. Three accidents resulted, as drivers attempted to dodge the tiny amphibians. "There was a carpet of frogs," he said. It is a well known fact that when frogs flood an... Full Story

The European financial crisis is moving to a new level. The Germans have finally consented to lead a bailout effort for Greece. The effort has angered the German public, which has acceded with sullen reluctance. It does not accept the idea that it is Germans’ responsibility to save Greeks from their own actions. The Greeks are enraged at the reluctance, having understood that membership in the European Union meant that Greece’s problems were Europe’s. And this is not just... Full Story

France and Germany agreed to bail out Greece, which would otherwise be defaulting on billions of euros in bonds. The default might have triggered a wide-scale run on the overpriced euro. So far, Greek debts remain small by the standards of developed economies, and easily manageable. Eventually, quasi-socialist European policies will lead to economic collapse. Greece is a special place for Europeans with many parallels to Israel. Modern Greek state was established by outside powers.... Full Story

Dow Jones Industrial Average (DOW) closed above 11,000 (at 11006.50) today as it crossed the 11k mark the first time since 2008 as Greece financial crisis eased and corporate takeovers were announced. S&P 500 index was just shy of 1,200 (at 1196.50). Greece got a promise of as much as 45 billion euros ($61 billion) in loans yesterday from the euro-region and International Monetary Fund to help cover its financing needs and avoid a default. The agreement may remove a concern that... Full Story