Interesting Q&A with Jim Rogers

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Apr 29, 2009 9:53 am

http://www.time.com/time/business/article/0,8599,1894294,00.html


Chief points:
1. He's investing in China, because he compares it to the U.S. in the 19th Century before it became a global and financial power.
2. He still loves commodities, because they're not making any more oil or sinking any copper mines.
3. He says the U.S. government has completely focked the response to the financial crisis -- by responding to a debt crisis by creating even more debt.
4. He says we've become a debtor nation. Doesn't say what exactly will happen, but it doesn't sound good.





Apr 29, 2009 10:11 am

I like Jim Rogers. It's hard not to like a guy who, watching his life drain out through his wingtips, walks out and rides a motorcycle around the world. And, finds a young chippie to take the ride with him. Still, Jim Didn't see the downdraft of the HSI. Nor did he predict the slide in oil. In fact, he was a bull on oil at the top, pushing his "limited supply" POV.

 



Rogers is a brilliant guy and i agree with him, that when China gets to our point on a developement and GDP basis we'll need another planet filled with oil to meet that demand. Still, you can't use Jim's words, alone, as a buy signal. He's more big picture.