I expect to see social unrest, civil unrest in the United States a couple of years from now. Yes its changing the entire situation in the United States, the US is the largest debtor in the history of the world. There is a dramatic change taking place.
The world`s century is moving from the west to the east, to Asia and many people have not figured this out yet.
Yes, you are going to see a lot of turmoil in the United States in the next 3, 4, 5 years.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
February 28, 2009
Agricultural Commodities
I think agricultural commodities are probably going to do better then others for the moment because many agricultural prices are still very, very low on historical basis. Sugar is still 80% below its all time high, just to give you an idea.
Cotton is 60% below its all time historical high. You know, there are not many things that are 80% below where they were 35 years ago. Sugar futures are one of them.
Cotton is 60% below its all time historical high. You know, there are not many things that are 80% below where they were 35 years ago. Sugar futures are one of them.
Farming, Real Assets. no more Finance and Paper Money
I am the world worst market timer. I just try to be long things that are going to do better than the things that I am short on. By the way the best sector in the world that I know right now is probably agriculture. Everybody should become a farmer. Farming is going to be one of the greatest industries of our time for the next 20 to 30 years.
It has been finance and paper shuffling and money, now it is going to be real things and real assets.
It has been finance and paper shuffling and money, now it is going to be real things and real assets.
Outlook for Commodities
The only sector that I know the fundamentals are improving are commodities. Many farmers in the world cannot get loans for fertilizers now, inventories of food are at 50 year lows.
Nobody can get a loan to open a mine, oil reserves are declining around the world at a fairly rapid rate, the fundamentals because of the supply of commodities is the only thing I know that is getting better.
If you need to own something I would suggest to you to learn how to own commodities and selling stocks short.
Nobody can get a loan to open a mine, oil reserves are declining around the world at a fairly rapid rate, the fundamentals because of the supply of commodities is the only thing I know that is getting better.
If you need to own something I would suggest to you to learn how to own commodities and selling stocks short.
Jim Rogers Interviewed by Maria Bartiromo
(February, 27) Maria Bartiromo interviewed Jim Rogers for Business Week. Here is the full transcript:
What do you think of the government's response to the economic crisis?
JIM ROGERS: Terrible. They're making it worse. It's pretty embarrassing for President Obama, who doesn't seem to have a clue what's going on—which would make sense from his background. And he has hired people who are part of the problem. [Treasury Secretary Tim] Geithner was head of the New York Fed, which was supposedly in charge of Wall Street and the banks more than anybody else. And as you remember, [Obama's chief economic adviser, Larry] Summers helped bail out Long-Term Capital Management years ago. These are people who think the only solution is to save their friends on Wall Street rather than to save 300 million Americans.
So what should they be doing?
What would I like to see happen? I'd like to see them let these people go bankrupt, let the bankrupt go bankrupt, stop bailing them out. There are plenty of banks in America that saw this coming, that kept their powder dry and have been waiting for the opportunity to go in and take over the assets of the incompetent. Likewise, many, many homeowners didn't go out and buy five homes with no income. Many homeowners have been waiting for this, and now all of a sudden the government is saying: "Well, too bad for you. We don't care if you did it right or not, we're going to bail out the 100,000 or 200,000 who did it wrong." I mean, this is outrageous economics, and it's terrible morality.
You have said Bear Stearns and Lehman (LEHMQ) would still be around if Greenspan hadn't bailed out Long-Term Capital Management in 1998. Can you explain?
Well, if Long-Term Capital Management had been allowed to fail, Lehman and the rest of them would've lost a huge amount of money, their capital would've been impaired, and it would've put a terrible crimp on Wall Street. It would've slowed them down for years. Instead of losing capital, losing assets, and losing incompetent people, they hired more incompetent people.
Should AIG (AIG) have been allowed to fail, too?
First of all, banks and investment banks and insurance companies have been failing for hundreds of years. Yes, we would've had a terrible two years. But you're dragging out the pain. We had 10 years of the worst credit excesses in world history. You don't wipe out something like that in six months or a year by saying: "Oh, now let's wake up and start over again."
What about Citigroup (C)? What about the car companies?
They should be allowed to go bankrupt. Why should American taxpayers put up billions to save a few car companies? They made the mistakes! We didn't make the mistakes! I'm sure they'll give them the money, but I'm telling you, it's a mistake. It's a horrible mistake.
I totally understand what you're saying, but the banks are under massive pressure.
They all took huge, huge profits. Who was the head of Citigroup? Chuck Prince? I mean, how many hundreds of millions of dollars did Prince take out of the company? How many hundreds of millions of dollars did other Citibank execs take out of the company? Wall Street has paid something like $40 billion or $50 billion in bonuses in the past decade. Who was that guy who was the head of Merrill Lynch (MERR)?
Stan O'Neal?
Right, Stan O'Neal. He got $150 million for leaving, even though he ruined the company. Look at the guy at Fannie Mae (FNM), Franklin Raines. He did worse accounting than Enron. Fannie Mae and Freddie Mac (FRE) alone did nothing but pure fraudulent accounting year after year, and yet that guy's walking around with millions of dollars. What the hell kind of system is this?
Are you worried the economic crisis will lead to political turmoil in China and elsewhere?
I absolutely am. We're going to have social unrest in much of the world. America won't be immune.
What does all this mean from an investment standpoint?
Always in the past, when people have printed huge amounts of money or spent money they didn't have, it has led to higher inflation and higher prices. In my view, that's certainly going to happen again this time. Oil prices are down at the moment, but that's temporary. And you're going to see higher prices, especially of commodities, because the fundamentals of commodities are enhanced by what's happening.
Which commodities are worth buying or holding on to?
I recently bought more of all of them. But I really think agriculture is going to be the best place to be. Agriculture's been a horrible business for 30 years. For decades the money shufflers, the paper shufflers, have been the captains of the universe. That is now changing. The people who produce real things [will be on top]. You're going to see stockbrokers driving taxis. The smart ones will learn to drive tractors, because they'll be working for the farmers. It's going to be the 29-year-old farmers who have the Lamborghinis. So you should find yourself a nice farmer and hook up with him or her, because that's where the money's going to be in the next couple of decades.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
What do you think of the government's response to the economic crisis?
JIM ROGERS: Terrible. They're making it worse. It's pretty embarrassing for President Obama, who doesn't seem to have a clue what's going on—which would make sense from his background. And he has hired people who are part of the problem. [Treasury Secretary Tim] Geithner was head of the New York Fed, which was supposedly in charge of Wall Street and the banks more than anybody else. And as you remember, [Obama's chief economic adviser, Larry] Summers helped bail out Long-Term Capital Management years ago. These are people who think the only solution is to save their friends on Wall Street rather than to save 300 million Americans.
So what should they be doing?
What would I like to see happen? I'd like to see them let these people go bankrupt, let the bankrupt go bankrupt, stop bailing them out. There are plenty of banks in America that saw this coming, that kept their powder dry and have been waiting for the opportunity to go in and take over the assets of the incompetent. Likewise, many, many homeowners didn't go out and buy five homes with no income. Many homeowners have been waiting for this, and now all of a sudden the government is saying: "Well, too bad for you. We don't care if you did it right or not, we're going to bail out the 100,000 or 200,000 who did it wrong." I mean, this is outrageous economics, and it's terrible morality.
You have said Bear Stearns and Lehman (LEHMQ) would still be around if Greenspan hadn't bailed out Long-Term Capital Management in 1998. Can you explain?
Well, if Long-Term Capital Management had been allowed to fail, Lehman and the rest of them would've lost a huge amount of money, their capital would've been impaired, and it would've put a terrible crimp on Wall Street. It would've slowed them down for years. Instead of losing capital, losing assets, and losing incompetent people, they hired more incompetent people.
Should AIG (AIG) have been allowed to fail, too?
First of all, banks and investment banks and insurance companies have been failing for hundreds of years. Yes, we would've had a terrible two years. But you're dragging out the pain. We had 10 years of the worst credit excesses in world history. You don't wipe out something like that in six months or a year by saying: "Oh, now let's wake up and start over again."
What about Citigroup (C)? What about the car companies?
They should be allowed to go bankrupt. Why should American taxpayers put up billions to save a few car companies? They made the mistakes! We didn't make the mistakes! I'm sure they'll give them the money, but I'm telling you, it's a mistake. It's a horrible mistake.
I totally understand what you're saying, but the banks are under massive pressure.
They all took huge, huge profits. Who was the head of Citigroup? Chuck Prince? I mean, how many hundreds of millions of dollars did Prince take out of the company? How many hundreds of millions of dollars did other Citibank execs take out of the company? Wall Street has paid something like $40 billion or $50 billion in bonuses in the past decade. Who was that guy who was the head of Merrill Lynch (MERR)?
Stan O'Neal?
Right, Stan O'Neal. He got $150 million for leaving, even though he ruined the company. Look at the guy at Fannie Mae (FNM), Franklin Raines. He did worse accounting than Enron. Fannie Mae and Freddie Mac (FRE) alone did nothing but pure fraudulent accounting year after year, and yet that guy's walking around with millions of dollars. What the hell kind of system is this?
Are you worried the economic crisis will lead to political turmoil in China and elsewhere?
I absolutely am. We're going to have social unrest in much of the world. America won't be immune.
What does all this mean from an investment standpoint?
Always in the past, when people have printed huge amounts of money or spent money they didn't have, it has led to higher inflation and higher prices. In my view, that's certainly going to happen again this time. Oil prices are down at the moment, but that's temporary. And you're going to see higher prices, especially of commodities, because the fundamentals of commodities are enhanced by what's happening.
Which commodities are worth buying or holding on to?
I recently bought more of all of them. But I really think agriculture is going to be the best place to be. Agriculture's been a horrible business for 30 years. For decades the money shufflers, the paper shufflers, have been the captains of the universe. That is now changing. The people who produce real things [will be on top]. You're going to see stockbrokers driving taxis. The smart ones will learn to drive tractors, because they'll be working for the farmers. It's going to be the 29-year-old farmers who have the Lamborghinis. So you should find yourself a nice farmer and hook up with him or her, because that's where the money's going to be in the next couple of decades.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
February 26, 2009
Time to Buy Stocks?
I have sold all my stocks everywhere in the world, except for some stocks in China. I bought some more stocks in China in October and in November but I am not buying shares anywhere in the world. These are economic hard times, people need to understand that.
The very fact that people constantly say to me, "aren`t you buying?", "what are you buying?", this means that people don`t quite understand yet what is happening in the world in 2009.
The very fact that people constantly say to me, "aren`t you buying?", "what are you buying?", this means that people don`t quite understand yet what is happening in the world in 2009.
Economic Recovery in 2009?
If everybody believes we are going to have a recovery in 2010, and that things will be better in the second half of 2009, I promise it is not going to be and probably it is not going to be in 2010. Specially if that is the consensus.
All this people that are in the consensus business told you a year ago that things will be fine, they told us 6 months ago that things would be fine. Now they tell us that things will be fine in the 2H09. The consensus has been totally wrong, and they continue to be dead wrong.
All this people that are in the consensus business told you a year ago that things will be fine, they told us 6 months ago that things would be fine. Now they tell us that things will be fine in the 2H09. The consensus has been totally wrong, and they continue to be dead wrong.
Jim Rogers on the US Economic Situation
The United States is in serious trouble, the people in Washington do not have a clue of what is going on. In two years this has been brewing and for two years they have been making mistakes. So the US is going to have its worst economic time since the 1930`s.
Video Interview on NDTV India
NDTV, February 25, 2009.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
February 25, 2009
Jim Rogers on Al Jazeera TV
Jim Rogers in a TV interview on Al Jazeera Television Network.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Jim Rogers on the US Dollar
"The dollar is going to lose its status as the world's reserve currency. It will be devalued and it will go down a lot. These guys in Washington, they want to debase the currency."
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
February 23, 2009
Rogers on Cotton and Agriculture Commodities
"I think agricultural commodities are probably going to be okay. I think all commodities. I’ve bought more of all commodities recently. Agriculture probably is beaten down more than others. But if I told you cotton, I’m sure cotton would be the worst this year. I’ve bought more of all of them." JIM ROGERS, February 2009, CNBC
Cotton futures are traded on NYMEX, and you can see the futures contract specifications here, NYMEX Cotton Futures.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Cotton futures are traded on NYMEX, and you can see the futures contract specifications here, NYMEX Cotton Futures.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
February 22, 2009
Jim Rogers about the Dollar
Jim Rogers spoke about the US Dollar rally and his views on currencies.
CNBC ANCHOR: Are you surprised at all that the dollar seems to have found its footing despite the fact that the government is extending the balance sheet in the ways that I know for sure that you are not happy about? You have been famously bearish on the US dollar, yet it seems to defy gravity. Do you think this is a temporary thing that will come evident when the forced liquidation you talked about ceases?
JIM ROGERS: I have certainly explained several times I expected a rally last year in dollar. I thought I would get out of all my dollars last year on the rally, I didn’t because it's been much stronger than I expected because there is this massive forced liquidation, there are huge short positions in the dollar, everybody is having to cover up and I haven’t sold rest of my dollars yet. I suspect I will do so sometime this year but who knows it could go another year for all I know.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
CNBC ANCHOR: Are you surprised at all that the dollar seems to have found its footing despite the fact that the government is extending the balance sheet in the ways that I know for sure that you are not happy about? You have been famously bearish on the US dollar, yet it seems to defy gravity. Do you think this is a temporary thing that will come evident when the forced liquidation you talked about ceases?
JIM ROGERS: I have certainly explained several times I expected a rally last year in dollar. I thought I would get out of all my dollars last year on the rally, I didn’t because it's been much stronger than I expected because there is this massive forced liquidation, there are huge short positions in the dollar, everybody is having to cover up and I haven’t sold rest of my dollars yet. I suspect I will do so sometime this year but who knows it could go another year for all I know.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Jim Rogers on the US Financial Institutions
"Everybody is in the state of panic. Many financial institutions still don’t know what they have. So, in the meantime, everybody is frozen trying to figure out, what are we worth, what can we do? One reason the banking system is frozen up is because nobody trusts anybody else."
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
February 20, 2009
Investing in China
"I am investing in sectors that the Chinese are pushing to develop such as agriculture, water infrastructure and tourism." JIM ROGERS
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
February 19, 2009
Rogers on the Economy
Rogers strongly criticized the Obama’s stimulus package on Al Jazeera television, pointing out that more good money was being thrown after bad. Jim Rogers added that the United States was following the same disastrous policies as Japan in propping up companies that should be allowed to fail. The same medicine will have the same consequences as much as 20 years into the future.
Jim Rogers has been trading futures and stocks for over 40 years. He is mostly known for his commodity futures trading and for his insights into the forex and currency futures markets.
Jim Rogers has been trading futures and stocks for over 40 years. He is mostly known for his commodity futures trading and for his insights into the forex and currency futures markets.
February 18, 2009
Capitalism in China
"China in 2009 compared to China in 1989, that is capitalism personified. It has been spetacular capitalism. China in 1989 barely had a stock market, barely had highways, cars, they barely had anything. Now they have refrigerators, air conditioners, they are all living well and travelling." JIM ROGERS about Capitalism in China
How to Solve this Crisis
"What America has been doing now is consuming and increasing debt as a way to solve their problems. Listen, that is what caused the problems! America has been consuming for 25 years." JIM ROGERS
What is the solution for this crisis?
"What should be done is to go ahead and take the pain now. If you take the pain now, it is going to be sharp and it is going to hurt, there is no question about that. But in the last 15 years in America he had the worst credit excesses in the world histoty. And it has spread to Europe has well.
You just don`t come out of a period of horrible excesses like this and say "Oh well, that was bad, now it is finished and we all go to bigger and better things." Someone has to pay the price." JIM ROGERS
"Takr the pain, let a lot of people go bankrupt, get it over with and start over. That is how you solve the problem. It is better to have millions unemployed now then tens of millions down the road screaming for food. We have lots of umbrellas, social safeety nets now, to help people. It is better to have millions unemployed with the safety nets, then tens of millions unemployed when the safety nets have all collapsed" JIM ROGERS
What is the solution for this crisis?
"What should be done is to go ahead and take the pain now. If you take the pain now, it is going to be sharp and it is going to hurt, there is no question about that. But in the last 15 years in America he had the worst credit excesses in the world histoty. And it has spread to Europe has well.
You just don`t come out of a period of horrible excesses like this and say "Oh well, that was bad, now it is finished and we all go to bigger and better things." Someone has to pay the price." JIM ROGERS
"Takr the pain, let a lot of people go bankrupt, get it over with and start over. That is how you solve the problem. It is better to have millions unemployed now then tens of millions down the road screaming for food. We have lots of umbrellas, social safeety nets now, to help people. It is better to have millions unemployed with the safety nets, then tens of millions unemployed when the safety nets have all collapsed" JIM ROGERS
February 17, 2009
Jim Rogers: Dutch TV Video Interview, February 2009
Latest Jim Rogers video interview. Jim Rogers was interviewed in a Dutch TV Channel. (the introduction is in dutch, but the interview is in english)
This is the second part of Jim Rogers`s video interview to a dutch TV Network:
Jim Rogers talks about his main investment ideas, markets, currencies and some of the best capitalistic stories like China since 1989.
This is the second part of Jim Rogers`s video interview to a dutch TV Network:
Jim Rogers talks about his main investment ideas, markets, currencies and some of the best capitalistic stories like China since 1989.
Jim Rogers at a Dubai, UAE Conference (February 2009)
"The Gulf countries' currency peg to the dollar is a terrible mistake" and will cause problems for the region as the US currency is expected to decline.
The six Gulf Cooperation Council states should form a joint currency as soon as possible. The new currency shouldn’t be linked to any other as the region has enough foreign reserves and oil to back it up.
“You’ve got good foreign exchange reserves and a lot of oil to back a common currency", Rogers said during a banking conference in Dubai.
Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman agreed in 2001 to form a European Union-style monetary union by 2010 to boost regional trade. Oman later pulled out. Gulf Arab leaders in December approved an agreement to create a central bank and single currency for the region to boost trade and strengthen monetary policy.
Kuwait is the only Gulf Arab state to have dropped its currency peg to the dollar, giving it some control over monetary policy.
Jim Rogers commented the US Dollar during is speech in Dubai,
“I plan to sell all my US dollars” he said. “The Federal Reserve will continue to print money, and this will destroy any credibility associated with the US dollar.”
"They think that if you drive down the value of your money, it makes you more competitive, now that has never worked in history in the long term" Rogers added.
The six Gulf Cooperation Council states should form a joint currency as soon as possible. The new currency shouldn’t be linked to any other as the region has enough foreign reserves and oil to back it up.
“You’ve got good foreign exchange reserves and a lot of oil to back a common currency", Rogers said during a banking conference in Dubai.
Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman agreed in 2001 to form a European Union-style monetary union by 2010 to boost regional trade. Oman later pulled out. Gulf Arab leaders in December approved an agreement to create a central bank and single currency for the region to boost trade and strengthen monetary policy.
Kuwait is the only Gulf Arab state to have dropped its currency peg to the dollar, giving it some control over monetary policy.
Jim Rogers commented the US Dollar during is speech in Dubai,
“I plan to sell all my US dollars” he said. “The Federal Reserve will continue to print money, and this will destroy any credibility associated with the US dollar.”
"They think that if you drive down the value of your money, it makes you more competitive, now that has never worked in history in the long term" Rogers added.
February 16, 2009
Jim Rogers Video Interview: China TV
Watch this Jim Rogers video interview he gave to a Chinese TV channel.
"I owed some Taiwan shares but I found that the regulations are so difficult that I am selling them. I can`t believe it" JIM ROGERS
"Gold is going to 1000, its going to 2000 USD over the course of this bull market." JIM ROGERS
February 15, 2009
Jim Rogers on Barack Obama
"Barack Obama is a smart and exciting person but he doesn`t understand economics. His history has nothing to do with economics. He has no real experience, at life or of the way the world works. So his instincts are to do things which are bad for the world. He has a new set of people with him most of whom caused the problems we have now" JIM ROGERS in a interview in China to a Chinese TV Channel.
Jim Rogers Video Interview: Fox Business News
Jim Rogers gave a video interview to Fox Business News this week Live from Singapore. Jim Rogers says "we don`t have a plan (Geithner, Bank Rescue Plan)".
"We are going to have serious inflation in the United States" JIM ROGERS
Jim Rogers on the Stimulus Package
"Its exactly the same mistakes the Japanese have made. They haven`t recovered 19 years later, neither will we in the United States" JIM ROGERS
"The hedge funds have nothing to do with this, its the Central Bank`s fault" JIM ROGERS
"The hedge funds have nothing to do with this, its the Central Bank`s fault" JIM ROGERS
Jim Rogers: 13th February, 2009 Video Interview
Latest Jim Rogers video interview, February 13th 2009, available in his Youtube Video Channel.
February 14, 2009
Eastern Europe is a Mess
“Eastern Europe is a mess” commented Jim Rogers in a videoconferencing Bloomberg interview from Singapore.
His most interesting comments regarding the economic situation of Eastern Europe were:
“Probably, the worst is yet to come there, though that applies everywhere.”
“Expectations had been aroused dramatically since the fall of communism”
“There are going to be lots more dashed expectations. There were huge loans taken out in central Europe with crazy expectations.”
Track Jim Rogers investment opportunities here on Jim Rogers Blog. Jim trades commodities, stocks and futures for decades. Jim Rogers is probably one of the most sucessful investors ever.
His most interesting comments regarding the economic situation of Eastern Europe were:
“Probably, the worst is yet to come there, though that applies everywhere.”
“Expectations had been aroused dramatically since the fall of communism”
“There are going to be lots more dashed expectations. There were huge loans taken out in central Europe with crazy expectations.”
Track Jim Rogers investment opportunities here on Jim Rogers Blog. Jim trades commodities, stocks and futures for decades. Jim Rogers is probably one of the most sucessful investors ever.
February 13, 2009
Jim Rogers on the Plan to Solve this Crisis
"The idea that you can fix a period of excess borrowing and excess consumption by more borrowing and more consumption to me is just ludicrous" JIM ROGERS
Jim Rogers is very skeptical and critical about the Stimulus Package and the Bank Rescur Plan.
Jim Rogers is very skeptical and critical about the Stimulus Package and the Bank Rescur Plan.
February 12, 2009
We are going to have some Currency Crisis this Year
"Later this year or next year we are going to have terrible financial problems, starting in the currency markets, we are going to have some currency crisis this year, whether it starts with the british pound or the US dollar, or some other currency, the Ruble, who knows, we are going to have many, many currency problems.
I don`t know which currency I will end up in, I own several currencies at the moment, I own the Euro, the Swiss Franc, the Norwegian and Danish, Swedish Krona, the Yen, the Chinese Yuan, the Singapore Dollar, the Australian Dollar and the New Zealand Dollar but where will I go when I get out of the Yen, I have no idea.
Do prepare yourselves because there are going to be spectacular opportunities in the forex markets as this currency crisis unravel in the next year or two.
In am looking for a new currency to buy after I sell my Yen, I don`t see any strong candidates on the horizon, I suspect it will be something that I haven`t though yet, that I don`t already own, maybe the Brazilian Real or the Malaysian Currency." JIM ROGERS
I don`t know which currency I will end up in, I own several currencies at the moment, I own the Euro, the Swiss Franc, the Norwegian and Danish, Swedish Krona, the Yen, the Chinese Yuan, the Singapore Dollar, the Australian Dollar and the New Zealand Dollar but where will I go when I get out of the Yen, I have no idea.
Do prepare yourselves because there are going to be spectacular opportunities in the forex markets as this currency crisis unravel in the next year or two.
In am looking for a new currency to buy after I sell my Yen, I don`t see any strong candidates on the horizon, I suspect it will be something that I haven`t though yet, that I don`t already own, maybe the Brazilian Real or the Malaysian Currency." JIM ROGERS
February 11, 2009
Jim Rogers Live Interview from Singapore
Jim Rogers on Bloomberg TV
JIM ROGERS: Well Mr. Geithner, has been bombing for 15 years he has caused this problem. Mr. Geithner has been head of the New York Fed for several years and that the office that was supposed to supervise Wall Street and the financial system. He came up with the TARP and all this absurd bailouts. Mr. Geithner has never known what he is doing and everybody will discover that, including Mr. Obama.
What should we do, how do you value this toxic assets?
JIM ROGERS: We should do what US told Japan to do in the nineties. You let companies go bankrupt, you clean out the system, you wipe out everybody that is insolvent. Mr. Greenspan went to Japan and said, “you are doing it wrong”, you have got to let people go bankrupt, you have got to clean out the system. The Japanese did not do it., they continued to prop up zombie banks and zombie companies and they still talk about the lost decade. Geithner said the other day that the Japanese didi not spend enough money, all they did was to spend money. I almost fell out of my chair when I heard that. America is making exactly the same mistakes, and the politicians are making worse, not better. Do you know why they are making it worse? Because they want to support their friends on Wall Street and the bankers so that they all can keep their Maseratis.
But there is no Bad Bank. What are your thoughts on that?
JIM ROGERS: What do you mean no bad bank? They are not letting anyone fail. But the idea that the US Government is coming in and buying this toxic assets, who is going to value these assets, either the banks are and they are going to set it to high, the taxpayers atre going to lose out…it not going to work, it has never worked.
But does the Geithner plan consider some banks may fail?
JIM ROGERS: Who? Who is he going to let fail?
The smaller banks.
JIM ROGERS: They put in 350 billion dollar in last year and the banks paid their bonuses with them. You don`t fail when you pay dividens and bonuses with government money.
Bill Gross said that if we don`t put more government funding to solve this crisis we are going to have a second round of financial crisis in the next 6 to 12 months and even a mini depression. What is your comment on that?
JIM ROGERS: If we put more more government money we will have a depression. This has never worked. Look at countries that took their pain, it was horrible for 1 or 2 years. But they cleaned the system and came out with sound economies. Korea, Mexico, Russia took the pain but cleaned the system and became sound economies, grew fast in the next few years. This is what has worked and what has never worked in the past.
How are you making money right now?
JIM ROGERS: I sold us government bonds, but I had to cover because of Bernanke. I had covered my shorts in last October and I am shorting stocks again. These guys don`t know ahat they are doing. General Electric, IBM, JP Morgan, the same old companies.
This is the transcript of Jim Rogers latest interview to Bloomberg TV live from Singapore, February 11, 2009.
JIM ROGERS: Well Mr. Geithner, has been bombing for 15 years he has caused this problem. Mr. Geithner has been head of the New York Fed for several years and that the office that was supposed to supervise Wall Street and the financial system. He came up with the TARP and all this absurd bailouts. Mr. Geithner has never known what he is doing and everybody will discover that, including Mr. Obama.
What should we do, how do you value this toxic assets?
JIM ROGERS: We should do what US told Japan to do in the nineties. You let companies go bankrupt, you clean out the system, you wipe out everybody that is insolvent. Mr. Greenspan went to Japan and said, “you are doing it wrong”, you have got to let people go bankrupt, you have got to clean out the system. The Japanese did not do it., they continued to prop up zombie banks and zombie companies and they still talk about the lost decade. Geithner said the other day that the Japanese didi not spend enough money, all they did was to spend money. I almost fell out of my chair when I heard that. America is making exactly the same mistakes, and the politicians are making worse, not better. Do you know why they are making it worse? Because they want to support their friends on Wall Street and the bankers so that they all can keep their Maseratis.
But there is no Bad Bank. What are your thoughts on that?
JIM ROGERS: What do you mean no bad bank? They are not letting anyone fail. But the idea that the US Government is coming in and buying this toxic assets, who is going to value these assets, either the banks are and they are going to set it to high, the taxpayers atre going to lose out…it not going to work, it has never worked.
But does the Geithner plan consider some banks may fail?
JIM ROGERS: Who? Who is he going to let fail?
The smaller banks.
JIM ROGERS: They put in 350 billion dollar in last year and the banks paid their bonuses with them. You don`t fail when you pay dividens and bonuses with government money.
Bill Gross said that if we don`t put more government funding to solve this crisis we are going to have a second round of financial crisis in the next 6 to 12 months and even a mini depression. What is your comment on that?
JIM ROGERS: If we put more more government money we will have a depression. This has never worked. Look at countries that took their pain, it was horrible for 1 or 2 years. But they cleaned the system and came out with sound economies. Korea, Mexico, Russia took the pain but cleaned the system and became sound economies, grew fast in the next few years. This is what has worked and what has never worked in the past.
How are you making money right now?
JIM ROGERS: I sold us government bonds, but I had to cover because of Bernanke. I had covered my shorts in last October and I am shorting stocks again. These guys don`t know ahat they are doing. General Electric, IBM, JP Morgan, the same old companies.
This is the transcript of Jim Rogers latest interview to Bloomberg TV live from Singapore, February 11, 2009.
Shorting Stocks Again
Jim Rogers told Bloomberg TV earlier today that he is shorting stocks again.
"I am shorting stocks, IBM, General Electric, JP Morgan, the same old companies" Jim Rogers
"I am shorting stocks, IBM, General Electric, JP Morgan, the same old companies" Jim Rogers
Jim Rogers talks Currency Crisis
"Later this year or next year we are going to have terrible financial problems, starting in the currency markets, we are going to hav some currency crisis this year, whether it starts with the british pound or the US dollar, or some other currency, the Ruble, who knows, we are going to have many, many currency problems. I don`t know which currency I will end up in, I own several currencies at the moment, I own the Euro, the Swiss Franc, the Norwegian and Danish, Swedish Krona, the Yen, the Chinese Yuan, the Singapore Dollar, the Australian Dollar and the New Zealand Dollar but where will I go when I get out of the Yen, I have no idea.
Do prepare yourselves because there are going to be spectacular opportunities in the forex markets as this currency crisis unravel in the next year or two.
In am looking for a new currency to buy after I sell my Yen, I don`t see any strong candidates on the horizon, I suspect it will be something that I haven`t though yet, that I don`t already own, maybe the Brazilian Real or the Malaysian Currency." JIM ROGERS
Follow all Jim Rogers newspaper and video interviews to Bloomberg, CNBC and other financial media here on Jim Rogers Blog. Jim Rogers gave an interview today in Singapore.
Do prepare yourselves because there are going to be spectacular opportunities in the forex markets as this currency crisis unravel in the next year or two.
In am looking for a new currency to buy after I sell my Yen, I don`t see any strong candidates on the horizon, I suspect it will be something that I haven`t though yet, that I don`t already own, maybe the Brazilian Real or the Malaysian Currency." JIM ROGERS
Follow all Jim Rogers newspaper and video interviews to Bloomberg, CNBC and other financial media here on Jim Rogers Blog. Jim Rogers gave an interview today in Singapore.
Jim Rogers on the US Dollar
"The US Dollar is going up for artificial reasons, its going up because there are huge short positions in the US dollar built up all over the world over the last 7 or 8 years. All the speculators that were short the dollar are bing forced to cover, the american press says the dollar is going up because of some safe haven, its not going up because it’s a safe haven, the US is far from being a safe haven. My plan with the US dollar is to get out of all my dollars this year, the dollar is a terribly flawed currency with many problems." JIM ROGERS
Jim Rogers is an international investor specialized in commodities, stock markets and currency markets.
Jim Rogers is an international investor specialized in commodities, stock markets and currency markets.
February 10, 2009
Latest Jim Rogers Video Interview on CNBC
Watch Jim Rogers`s latest video interview HERE. Jim Rogers went into CNBC`s studios this morning.
Some of the Hot Topics discussed on this interview:
"The fundamentals of commodities are improving"
"The rally on the yen is artificial too"
"Investors will have to short government bonds at some point despite their current attraction, as the amount of debt issued is "staggering" and inflation risks are down the road"
"I was short long-term government bonds in the US, I had to cover a little loss because the head of the central bank said he was going to buy US long-term bonds, and he's got more money than I do"
"I plan to sell short US government long bonds sometime in the foreseeable future… I don't know when, whether it this quarter or this year"
"Government bonds may be the last bubble that is developing. I'm not short government bonds right now"
"There are huge short positions in the dollar, everybody is trying to cover. I'm not selling my yen yet, but it's an artificial rally too."
"I sold all of my sterling, I wouldn't buy sterling for the next 5 to 10 years. The same is happening to the US economy, I'm not picking on the UK"
"I'm not buying any of these currencies at the moment. I still own the euro, I don't own sterling anymore, I still own the Swiss franc. Europe at least is not a huge debtor, like the UK is"
"The fundamentals of commodities are improving through all of this"
"You're not going to see a mine of any kind opening in 10 to 15 years."
"I'm buying gold just because I'm periodically buying gold, because I do expect it to be much higher over the next decade"
"I know we're going to have serious inflation down the road"
Track all Jim Rogers investment and trading ideas here on Jim Rogers Blog. Jim trades stocks, futures, commodities, interest rates and forex all around the world.
Some of the Hot Topics discussed on this interview:
"The fundamentals of commodities are improving"
"The rally on the yen is artificial too"
"Investors will have to short government bonds at some point despite their current attraction, as the amount of debt issued is "staggering" and inflation risks are down the road"
"I was short long-term government bonds in the US, I had to cover a little loss because the head of the central bank said he was going to buy US long-term bonds, and he's got more money than I do"
"I plan to sell short US government long bonds sometime in the foreseeable future… I don't know when, whether it this quarter or this year"
"Government bonds may be the last bubble that is developing. I'm not short government bonds right now"
"There are huge short positions in the dollar, everybody is trying to cover. I'm not selling my yen yet, but it's an artificial rally too."
"I sold all of my sterling, I wouldn't buy sterling for the next 5 to 10 years. The same is happening to the US economy, I'm not picking on the UK"
"I'm not buying any of these currencies at the moment. I still own the euro, I don't own sterling anymore, I still own the Swiss franc. Europe at least is not a huge debtor, like the UK is"
"The fundamentals of commodities are improving through all of this"
"You're not going to see a mine of any kind opening in 10 to 15 years."
"I'm buying gold just because I'm periodically buying gold, because I do expect it to be much higher over the next decade"
"I know we're going to have serious inflation down the road"
Track all Jim Rogers investment and trading ideas here on Jim Rogers Blog. Jim trades stocks, futures, commodities, interest rates and forex all around the world.
Jim Rogers on Currencies
“What I am doing in the currency markets? The only currency I have been been buying in the last months, in the last year or so is the Yen. I suspect the Yen will go up another 10 or 15%, and then I will have the problem of what to do with the Yen because the Yen is not going to continue to go up forever, because there are many serious problems in Japan.” Jim ROGERS
February 9, 2009
Jim Rogers on Brazil
"What is happening now is good for the fundamentals of raw materials so, all those countries that produce stuff , like Brazil that is a reasonably well managed country now, are going to do much better than the others." JIM ROGERS
February 8, 2009
Metals and Military Spending
What about metals, specifically Titanium?
JIM ROGERS: Titanium? There is no futures markets in Titanium first of all, so I don`t pay as much attention to it. Most countries are now for better or for worst spending more on military, the Chinese, the Russians and other countries, have said they are, and if they spend money on military, titanium is one of the beneficiaries. Obviously commercial aircraft production is going to go down but it looks like its going to be offset by military. I don`T own titanium but I suspect that if I had to do something in Titanium, I would rather own it then not own it.
JIM ROGERS: Titanium? There is no futures markets in Titanium first of all, so I don`t pay as much attention to it. Most countries are now for better or for worst spending more on military, the Chinese, the Russians and other countries, have said they are, and if they spend money on military, titanium is one of the beneficiaries. Obviously commercial aircraft production is going to go down but it looks like its going to be offset by military. I don`T own titanium but I suspect that if I had to do something in Titanium, I would rather own it then not own it.
Emerging Markets
When this crisis is done will countries like Russia and other emerging markets, come out head of the game compared to developed markets or will thwy be further back?
JIM ROGERS: The ones that are going to come out of this ahead are the well managed ones that have a lot of natural resources, bcause natural resources are going to get smaller and smaller supply. What is happening now is good for the fundamentals of raw materials so, all those countries that produce stuff , like Brazil that is a reasonably well managed country now, are going to do much better than the others. So you are having a major shift from financial centers and financial countries to people that produce real things. Farming is going to be one of the great professions of the next 20 years. I am not putting my money in the Congo, it has a lot of natural resources but its not well managed country. You have to be sure that you are in a well managed country.
JIM ROGERS: The ones that are going to come out of this ahead are the well managed ones that have a lot of natural resources, bcause natural resources are going to get smaller and smaller supply. What is happening now is good for the fundamentals of raw materials so, all those countries that produce stuff , like Brazil that is a reasonably well managed country now, are going to do much better than the others. So you are having a major shift from financial centers and financial countries to people that produce real things. Farming is going to be one of the great professions of the next 20 years. I am not putting my money in the Congo, it has a lot of natural resources but its not well managed country. You have to be sure that you are in a well managed country.
February 7, 2009
Jim Rogers: Oil Prices
"Well, the price of oil has to go much higher over the course of the next decade, the IEA has come out with a definitive study that oil reserves are declining at a rate of 6% a year, well it doesn`t take much genious to figure out that in a few years there not to be any oil, unless something happens, so the price of oil has to go much higher over the next decade or so. Whether it is going to go higher this year, I don`t have a clue, but I do know that over the next few years is going to go much, much higher." Jim Rogers on the Russian Forum 2009, February 6.
Jim Rogers: Russia Forum 2009 Full Interview
Read the latest Jim Rogers interview, February 5:
Thanks very much for giving us your time, first of all and welcome to Russia. You have made some investments in China because the government is planning big stimulus plan there, what are you making of what Russia`s doing, do you se anything interesting here in Russia that you`re investing in?
In October, November I did buy more Chinese stocks but I am not buying shares in any other country in the world right now, because most of the world is in serious trouble including China, don`t get me wrong, but I not investing anywhere and certainly not investing in Russia.
Certainly not, why?
Well, I am certainly not investing in America either, for that matter and certainly not in the UK but no, the Russians have lots of problems, deep seated problems as far as I am concerned, perhaps there`s a chance Russia will continue to disintegrate in more than one country. There are lots of potencial problems in the former soviet union.
Desintegrate, you mean, into separate countries?
The soviet union broke up into 15 countries, Russia itself has the potential to continue to break up, the Ukraine may break up Kazakisthan could break up, this is still not stable and every empire has disintegrated through out history. The reverberations have gone on for long periods of time. So I am sure there`s goods investment in Russia if you`re on the ground and you can stay with them, but not for me.
What in your opinion is Russia doing right and what is Russia doing wrong in handling this crisis?
Well, what they`re doing wrong is that they are propping up their banks which I find reprehensible I find bad economics and bad morality as well, the way the system is supposed to work is suppose you take the assets from the incompetent and give them to the competent and you start over from a stronger base. Well the rusians are making the same mistakes that the british and the Americans and everybody else is making. But taking the assets from the competent and giving them to the incompetent and know thy can compete with the competent, it weakens the whole system. Putin at least seems to understand that there is a problem with the US dollar, that the world needs to adjust to that problem, he seems to understand some of the problems the world faces better than we do in America, but for the most part the Russians are making mistakes too.
You said the Pound is finished, what is your take on the ruble?
Ahhh, the ruble. That`s a very good question. I am not sure, even is I had an answer I am not sure I would give it to you. No I am not optimistic about the future of the Ruble at all. The Russian at least have natural resources to some extend but I am not optimistic about the continuing stability of Russia. The natural resources, the reserves are declining as you know, because they have been stripping the assets here in Russia for some time. Oil production peaked, production of most things peaked in Russia for the foreseeable future, so I am not buying the ruble either.
The Government announced that it would defend the ruble at 41 against the Euro / Dollar basket. Was that a mistake to announce a target?
It always as been in the past the market has learned in the last few sessions that you can always bet against the central banks and you will make money eventually. S when a central bank says “don`t you worry the pound is going to stay here or the ruble is going to stay here or whatever, ultimately that has always failed if the fi«undamentals are not sound and will fail again, everybody knows what the target is.
What is driving the fall of the ruble? Is it regular people panicking and putting their money into dollars, that one thing we`ve heard from bankers here at this forum, or is speculation?
Its mainly the Russians, in fact whenever a currency fails through out history it has always started internally, the foreigners always get the blame because the politians like to blame all their problems on the foreigners, because they don`t vote and their not there. Right now I think there something like 20 or 25% of deposits in banks in Russia in foreign currencies by Russian and not by foreigners. So its always starts with the local people, because local people always know best what`s going wrong and they start moving out. The speculators, historically always show in later.
So there are russian speculators that may be involved here too, or is this just the average bank depositor moving their money into dollars out of concern?
It seems pretty obvious that its intelligent people making intelligent decisions with their money, they can see there`s going to be problems with the rouble so they, intelligent russians have been moving out of the ruble. The rouble is down 50 or 60% in the last few moths, or in the last year or so.
The Central Bank said today that they won`t have to spill much blood to defend the ruble at 41, do you believe them?
I don`t believe in any central bank no matter what they say. The few times central banks have been right at something, you can count them with one hand. If you get your investment advice from central banks or governments you are going to go broke fast, don`t listen to those people.
Are you short the ruble?
I am not doing anything with the ruble, not right now. But knowing that the central bank drew a line in the sand it makes me stand up and take a little more notice about the ruble. So I will star thinking more about it.
Thanks very much for giving us your time, first of all and welcome to Russia. You have made some investments in China because the government is planning big stimulus plan there, what are you making of what Russia`s doing, do you se anything interesting here in Russia that you`re investing in?
In October, November I did buy more Chinese stocks but I am not buying shares in any other country in the world right now, because most of the world is in serious trouble including China, don`t get me wrong, but I not investing anywhere and certainly not investing in Russia.
Certainly not, why?
Well, I am certainly not investing in America either, for that matter and certainly not in the UK but no, the Russians have lots of problems, deep seated problems as far as I am concerned, perhaps there`s a chance Russia will continue to disintegrate in more than one country. There are lots of potencial problems in the former soviet union.
Desintegrate, you mean, into separate countries?
The soviet union broke up into 15 countries, Russia itself has the potential to continue to break up, the Ukraine may break up Kazakisthan could break up, this is still not stable and every empire has disintegrated through out history. The reverberations have gone on for long periods of time. So I am sure there`s goods investment in Russia if you`re on the ground and you can stay with them, but not for me.
What in your opinion is Russia doing right and what is Russia doing wrong in handling this crisis?
Well, what they`re doing wrong is that they are propping up their banks which I find reprehensible I find bad economics and bad morality as well, the way the system is supposed to work is suppose you take the assets from the incompetent and give them to the competent and you start over from a stronger base. Well the rusians are making the same mistakes that the british and the Americans and everybody else is making. But taking the assets from the competent and giving them to the incompetent and know thy can compete with the competent, it weakens the whole system. Putin at least seems to understand that there is a problem with the US dollar, that the world needs to adjust to that problem, he seems to understand some of the problems the world faces better than we do in America, but for the most part the Russians are making mistakes too.
You said the Pound is finished, what is your take on the ruble?
Ahhh, the ruble. That`s a very good question. I am not sure, even is I had an answer I am not sure I would give it to you. No I am not optimistic about the future of the Ruble at all. The Russian at least have natural resources to some extend but I am not optimistic about the continuing stability of Russia. The natural resources, the reserves are declining as you know, because they have been stripping the assets here in Russia for some time. Oil production peaked, production of most things peaked in Russia for the foreseeable future, so I am not buying the ruble either.
The Government announced that it would defend the ruble at 41 against the Euro / Dollar basket. Was that a mistake to announce a target?
It always as been in the past the market has learned in the last few sessions that you can always bet against the central banks and you will make money eventually. S when a central bank says “don`t you worry the pound is going to stay here or the ruble is going to stay here or whatever, ultimately that has always failed if the fi«undamentals are not sound and will fail again, everybody knows what the target is.
What is driving the fall of the ruble? Is it regular people panicking and putting their money into dollars, that one thing we`ve heard from bankers here at this forum, or is speculation?
Its mainly the Russians, in fact whenever a currency fails through out history it has always started internally, the foreigners always get the blame because the politians like to blame all their problems on the foreigners, because they don`t vote and their not there. Right now I think there something like 20 or 25% of deposits in banks in Russia in foreign currencies by Russian and not by foreigners. So its always starts with the local people, because local people always know best what`s going wrong and they start moving out. The speculators, historically always show in later.
So there are russian speculators that may be involved here too, or is this just the average bank depositor moving their money into dollars out of concern?
It seems pretty obvious that its intelligent people making intelligent decisions with their money, they can see there`s going to be problems with the rouble so they, intelligent russians have been moving out of the ruble. The rouble is down 50 or 60% in the last few moths, or in the last year or so.
The Central Bank said today that they won`t have to spill much blood to defend the ruble at 41, do you believe them?
I don`t believe in any central bank no matter what they say. The few times central banks have been right at something, you can count them with one hand. If you get your investment advice from central banks or governments you are going to go broke fast, don`t listen to those people.
Are you short the ruble?
I am not doing anything with the ruble, not right now. But knowing that the central bank drew a line in the sand it makes me stand up and take a little more notice about the ruble. So I will star thinking more about it.
February 6, 2009
Jim Rogers Video Interview : Russia Forum 2009
Latest Jim Rogers interview. Jim Rogers went to Russia to participate in the The Russia Forum 2009 and spoke about stock markets around the world, the ruble devaluation, the us dollar and the mistakes Russia is making.
Jim is not optimistic about the future of the Ruble at all.
Jim Rogers expects several currency crisis this year and that will be major opportunities in the currency markets. The next great currency to buy mught be the Brazilian Real or the Malaysian currency. Jim Rogers has been tranding forex markets for several decades and is a voice to be heard on this subject.
February 5, 2009
Agriculture: One of the few Bull Markets that I can see going up in the next 5 to 10 years
"I bought more commodities recently. I know that one of the few bull markets that I can see going up in the next 5 to 10 years is in agriculture" JIM ROGERS
This is the Agriculture Commodities ETF chart in since exception in 2007:
This Agriculture ETF holds Corn, Wheat, Soybeans and Sugar and is a very simple way to play agriculture with low comissions and related costs like rolling over future contracts. Jim Rogers has mentioned several times over the last year that agriculture will be the best market to be in because its extremely depressed in historical terms. Jim said recently that Sugar "will go through the roof, eventually".
This is the Agriculture Commodities ETF chart in since exception in 2007:
This Agriculture ETF holds Corn, Wheat, Soybeans and Sugar and is a very simple way to play agriculture with low comissions and related costs like rolling over future contracts. Jim Rogers has mentioned several times over the last year that agriculture will be the best market to be in because its extremely depressed in historical terms. Jim said recently that Sugar "will go through the roof, eventually".
February 4, 2009
US Government Bonds
“I cannot conceive of lending money to the United States. I will tell you that anybody who buys government bonds is making a terrible, terrible mistake. If I were you, I’d go home and sell your bonds. And if you happen to be a bond portfolio manager, I would urge you to get another job. You’re in the wrong place at the wrong time.” Jim Rogers
Jim Rogers commented the us bond markets and long term treasuries in the Asian Financial Forum in Hong Kong. Jim Rogers is very bearish on treasuries.
Jim Rogers commented the us bond markets and long term treasuries in the Asian Financial Forum in Hong Kong. Jim Rogers is very bearish on treasuries.
Invest in Asia
"To make money in these markets you should invest in agriculture, power generation, infrastructure and tourism. And Specially if these investments (in stocks) are in Asia" JIM ROGERS, Asian Financial Forum in Hong Kong
February 3, 2009
Jim Rogers on Commodities
”I continue to be bullish on most agricultural commodities. I also look forward to big investment opportunities in commodities like crude oil, cotton and zinc” Jim Rogers
In this website you can track all of Jim Rogers Investment Ideas and his view on major trends developing in commodities futures, forex, interest rates and stock markets around the world.
In this website you can track all of Jim Rogers Investment Ideas and his view on major trends developing in commodities futures, forex, interest rates and stock markets around the world.
February 2, 2009
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