Jim Rogers on Bloomberg 11am ET

Quote from niceneasy:

i just read "Investment Biker" and really enjoyed it (by Jim ROgers). He has a newer one out too. He travelled the whole world, 60,000 miles on a motorcycle with his girlfriend (20 years younger - god bless America).

Talks about trends in each of the countries he is in. And basically, the cyclical nature of each of these places. To buy when a country is cheap - but with an impending catalyst to recovery. Big on supply and demand as opposed to govt intervention and frequently will take trades on the opposite side of an intervention as they are just not sustainable.

The sad part I find is he is and always will be referred and thought as of Soros's bitch. He knows that too and a lot of his pomp and circumstance is all to try to deflect from that...

Anyway - its a great read ( a bit dated) but i recommed it.

As far as his call on the US - I buy it 100% . The US is losing relevance by the day. Growing at 2 or 3%?? Massive trade imbalance. Massive debt. A currency just a hair trigger away from going into freefall. Huge health car/pensioner burden on the time horizon. Bursting housing bubble. Negative consumer savings rate. The president is irrelevant and bumblin. Gonna spend 2 trill on this little iraq fiasco. . The only real thing the US has got going for it is that many of the worlds wants trade in USD. THis is all going away. Iranian oil bourse for starters.

Brazil, Russia, China, India, growing at 10,20,30% Some no trade balance. The ease at which one can invest in any of these places - why would you put your money in the US???
More...
China and India are importers of oil. There's more instability in any of the countries you've mentioned. The only way China is growing is from trade with the US. The world has to trade in USD there's no stable substitute not even Euros. I don't buy the housing bubble theory but there will be a slowdown just as their will be in other countries that have artificially grown. Cheap oil is becoming a thing of the past and the use of coal or other cheap energy sources will not fill the gap. Living standards are very low in those countries and they not very good place to live. Most Indians for example have health problems from their industry practices. You've got to rember a person that amps up on steroids eventially comes down from them and has to deal with it.
 
us needs to borrow 3 billion a day to stay in business. largest debtor nation in the world. nobody is buying usd on the worldmarket. so only way for us to stay afloat is print usd which =inflation, inflation means rates will continue to go up. we will see rates that will make rates in the 80's blush. most of you are too young to remember that. imagine paying 20% interest on your mortgage and consumer debt. one and done? how many times have we heard that now...its coming......

you have to understand that capital flows based on 2 things.

1.) safety
2.) return

there is really little safety in the us

and returns are becoming more lucrative elsewhere.

there are 300 million middle class in china alone. imagine the demand that creates. there gdp is going to go up anpther 10%+ this QUARTER. The writing is on the wall.

i am not fabricating this. it is happening as we speak. nobody wants to hold usd . russia diversifying out. china diversifying out. japan net seller of usd in june.every nation increasing reserves of gold. why? because of little faith in usd...
 
You must log in or register to reply here.
Back
Top