罗杰斯：不，我不觉得这个观点过于乐观。在我看来，隔离是个错误。我们以前也经历过恐慌和流行病。你知道，我们经历过非典。2009年我们经历过H1N1禽流感。在H1N1禽流感期间，美国经济没有封锁。不可否认，病毒的确会对人们的健康带来影响，但历史证明，人们学会了适应。新加坡全面隔离，但疫情更严重了，因为人们全都挤在一起。所以，在我看来，隔离不是一件好事。而且，一旦经济重新开放，所有东西的需求都会上升。例如，我们看到，奥地利正在解封，但瑞典始终没有“封国”“封城”。所以，不一定要封锁，应对此次疫情还有其他解决方案。
Weekly on Stocks: On Monday （April 20）， NYMEX crude futures for May2005 closed at -$37.63 a barrel， the first time since trading began in 1983 that thetransaction has turned negative. What do you think causes the extreme situationof “negative price”？
Panics and pandemics are not going to lastforever.Closures are not going to lastforever. So， we are going to drive again， we are going to take airplanes again.If you step in， I might do it. I’m not doing it today because I’m doing otherthings. But If I were not so lazy， I probably should be stepping in or figuringabout when and how to step in and buy， making investments in this sector. Because there is apanic and whenever you buy during a panic， you can always do well.
Rogers: The measures and actions of theUS are extremely poor and irrational. Probably Mr. Trump would think trade warsare good for the US， but trade wars have never been good for anyone and anycountry. Mr. Trump may not know this， and if he does， he is being arrogant.
Weekly on Stocks: Someprofessional investors are beginning to worry about the potential risks ofrenewed escalation of trade frictions between the US and China following theepidemic， do you have similar concerns？
罗杰斯：从长远来看，让市场自我调节是更有好处的。政府采取救济行为以便事态不会失控，但这些一时的救济只会导致问题积累得越来越严重。2008年经济危机中，政府出手干预没有让市场崩溃，事态也的确变好了。但到了今天，债务已经积累得太高了。在2008、2009年，可能有些人没有为此付出代价，所以当问题再一次出现时，后果将会更加严重。
Rogers: Trump is doing that because hewants to get votes. As everyone knows， he’s losing votes in the oil producingareas. Although， it’s something that all countries should be doing. Oil hascollapsed. Oil prices have fell down. If China， Germany or any other countryhave not enough reserves of oil for emergencies， they should be stepping in andbuying oil now and putting it in their own storage tanks.
罗杰斯：在这场危机结束以前，我相信它会比2008年那次更糟糕，只是现在还没有表现出来而已。毕竟现在刚刚过去六个星期，股市目前的调整只是减缓了一些。
早在2008年危机的时候，就应该让事态自然发展。尽管当时的情况会很糟糕，但是至少当整个市场出清之后，事情就会真正变好。历来都是这样的，许多国家都经历过这种事情，包括美国。经济体系崩溃而后重新洗牌，之后的一两年会很难熬，但事情会越来越好。以美国目前对市场的做法来说，是治标不治本的，从长期来看没有好处。
在2008年经济危机中，中国还有很多货币储备来应对困难时期。危机到来时，中国用这些钱救了自己，也帮助了世界。现在中国自身也有负债，所以对全球来说这一次危机都不会好过。看看吧，世界各国都是债台高筑。
Rogers:We need to stop intervening the market and owing so much debt. Let the markettake its own course. Let the competent people fill where they may fill. Thenwe’ll start over. That’s how the mechanism is supposed to work. When somepeople get into trouble， other competent people will come to take over theassets from them， reorganizing the market and making it start over from a soundbase. It has always been so. But now， things are going on the other way allaround the world. With too much intervening， the assets are taken away from thecompetent people and left for the incompetent people； the competent people haveto cope with their own money.
《红周刊》：在您看来，原油期货的暴跌会对美国股债市场产生怎样的影响？
《红周刊》：接下来和您探讨一些投资理念的问题。您很节俭，您的好朋友也是著名投资大师约翰·邓普顿的“抠门”也很出名，节俭是成功的投资人必备的品质吗？
以下为中英文对话实录节选：
《红周刊》：原油价格今年曾下探到18美元/桶的价格，您如何看未来原油价格的发展趋势？
It’sabsurd. We can’t clean out the system by this way. What we need is a “forestfire”. A forest fire is horrible if you are in it. But it cleans out badwood and underbrush， then the forest can grow even better afterwards. That iswhat recessions do through history all over the world. However， theUS and the West don’t want to face a breakdown， so the problem is getting worseand worse.
Weekly on Stocks: So， will this global economic recession be assevere as the Great Depression in 1929？
《红周刊》：原油期货都出现“负价格”这种极端情况了，我们能否据此认为，全球市场前景变得更加不确定了？
罗杰斯：石油价格战对大量使用石油的国家当然是有好处的，比如德国和日本。对韩国等世界上的许多国家也都有好处，但对沙特阿拉伯和俄罗斯而言却并非好事。
Rogers: Thank you， I would liketo see you in person when I’m in China again.
Weekly on Stocks: The crudeoil price has dipped to $18/bbl. this year. What do you think of thedevelopment trend of crude oil price in the future？
Rogers:Now the oil has crashed and the market is in chaos. Usually， in any market inany country， when such thing occurs， if you know what you are doing and you buyin， you might go through a turbulent period for a while， but eventually youwill be fine.
Weekly on Stocks: Such extremesituation like “negative price” has occurred to crude oil futures， can weassume that the outlook for global markets has become more uncertain？
Weekly on Stocks: In youropinion， what are the factors or measures that will prompt it to end as earlyas possible？