Aug. 3 (Bloomberg) — The U.S. subprime-market rout that wiped out $2.1 trillion from global share values last week has “got a long way to go,” said Jim Rogers, a New York-based fund manager who predicted the start of the commodities rally in 1999.

This week’s rebound in equity markets hasn’t persuaded Rogers, 64, to pull out of bets that U.S. investment banks and homebuilders are heading for further declines.

“This was one of the biggest bubbles we’ve ever had in credit,” Rogers, chairman of Beeland Interests Inc., said in an interview from Hong Kong. “I have been and am still short the investment bankers in America. I’m also short homebuilders.”

American Home Mortgage Investment Corp will reportedly close its doors Friday and lay off its workforce, after announcing Tuesday that it could no longer fund loans.

“It is with great sadness I announce today that American Home Mortgage has been forced to close,” company Chairman Michael Strauss told employees in an e-mail, Forbes reported. “Unfortunately, the market conditions in both the secondary mortgage market as well as the national real estate market have deteriorated to the point that our business is no longer viable.”