Global Economy Flashes Warning Signals

I’m picking up on a growing number of “bad vibes” about the global economy these days.

First, Rich Miller reported on the Bloomberg website Thursday about the findings of the latest Bloomberg Global Poll of international investors:

The world economy is in its worst shape in two years, with the euro area and emerging markets deteriorating and the danger of deflation rising, according to a Bloomberg Global Poll of international investors.

A plurality of 38 percent of those surveyed this week described the global economy as worsening, more than double the number who said that in the last poll in July and the most since September 2012, when Europe was mired in a recession.

Much of the concern is again focused on the euro area: Almost two-thirds of those polled said its economy was weakening…

Europe isn’t the only source of concern in the global economy, according to the quarterly poll of 510 investors, traders and analysts who are Bloomberg subscribers. More than half of those contacted said conditions in the BRIC economies — Brazil, Russia, India and China — are getting worse, compared with 36 percent who said so in July.

(Editor: Bold added for emphasis)

Granted, it’s just a poll. But there’s also this from British Prime Minister David Cameron in a piece he penned that was published on The Guardian (UK) website Sunday:

Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy.

As I met world leaders at the G20 in Brisbane, the problems were plain to see. The eurozone is teetering on the brink of a possible third recession, with high unemployment, falling growth and the real risk of falling prices too. Emerging markets, which were the driver of growth in the early stages of the recovery, are now slowing down. Despite the progress in Bali, global trade talks have stalled while the epidemic of Ebola, conflict in the Middle East and Russia’s illegal actions in Ukraine are all adding a dangerous backdrop of instability and uncertainty…

(Editor’s note: Bold added for emphasis)

Cameron added the following, which I thought was pretty funny (disturbing?):

When we faced similar problems in recent years, too many politicians offered easy answers, thinking we could spend, borrow and tax our way to prosperity. Those were the wrong answers then; they are the wrong answers now. We are not going to repeat the mistakes of the past…

(Editor’s note: Bold added for emphasis)

Sound like any country you know?

Finally, exacerbating fears about global economic health was the following “shock” announcement. Mitsuru Obe and Eleanor Warnock reported on The Wall Street Journal website this morning:

Japan Falls Into Recession

Japan’s economy shrank for a second quarter in a row, after a sales-tax increase took the steam out of Prime Minister Shinzo Abe ’s bid to turn Japan into a global model of revival.

Mr. Abe, who has sought to revive the world’s third-largest economy after two mostly sluggish decades, is set to announce this week that he will delay plans to raise the nation’s sales tax next year and call elections in December…

“Two mostly sluggish decades”

Some really bright financial-types suspect Japan’s so-called “zombie economy” is what’s ultimately in store for America. While I have no doubt about a coming U.S. economic crash, I remain somewhat more optimistic for the country’s prospects upon emerging from the coming carnage.

Stay tuned…

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)


Cameron, David. “David Cameron: Red lights are flashing on the global economy.” The Guardian. 16 Nov. 2014. (http://www.theguardian.com/commentisfree/2014/nov/16/red-lights-global-economy-david-cameron). 17 Nov. 2014.

Miller, Rich. “World Economy Worst in Two Years, Europe Darkening, Deflation Lurking: Global Investor Poll.” Bloomberg.com. 13 Nov. 2014. (http://www.bloomberg.com/news/2014-11-13/world-outlook-darkening-as-89-in-poll-see-europe-deflation-risk.html). 17 Nov. 2014.

Obe, Mitsuru and Warnock, Eleanor. “Japan Falls Into Recession.” The Wall Street Journal. 17 Nov. 2014. (http://online.wsj.com/articles/japan-falls-into-recession-1416182404). 17 Nov. 2014.

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Jim Rogers: ‘We’re All Going To Pay A Terrible Price’ When ‘Artificial Ocean Of Liquidity’ Ends

Tonight, I want to talk about well-known investor, author, and financial commentator Jim Rogers. The former investing partner of George Soros- who I recently heard is worth approximately $300 million (Soros $23 billion)- recently shared his thoughts about the global financial system and potential investment opportunities.

On May 27, Nina Xiang of the China Money Network contributed the following on the Forbes website:

Legendary investor Jim Rogers has been warning about “the ocean of artificial liquidity” as a result of the unprecedented money printing by central banks around the world for quite some time now.

But with the U.S. stock market at an all-time high, his cautionary words seem to have hardly been heeded…

“When it ends, we will all pay a terrible price,” says Rogers…

Read it as an advocacy for an alternative attitude that is unpopular at the moment: the attitude of awareness that we are in this “artificial period” and it will end one day; the attitude of fearfulness that there will be more turmoil in the next ten years; the attitude of preparedness, that includes stocking up some extra food, a spare flashlight, and gold coins — instead of gold bars — for when the time of emergency comes…

(Editor’s note: Bold added for emphasis)

“Jim Rogers: We Will All Pay A Terrible Price For Today’s Artificial Liquidity”
YouTube Video

Note that in the Chinese Money Podcast that was uploaded onto YouTube the same day as that Forbes piece, Xiang and Rogers talked about regional conflicts and the Singapore-based investor predicted:

I would suspect that sometime in the next ten years, the world’s going to have a bigger conflict.

On May 26, the text of another interview with Jim Rogers was published on the website of The Economic Times (India). Rogers, who correctly predicted the commodities rally that started in 1999, talked about the following investment opportunities:

• Gold and silver- “If it goes down, I assure you I will be buying more gold and more silver.”
• Crude oil- “Remember, all the other known reserves in the world are in decline, even if the supply from the US is rising. Everywhere else, there has been declining reserves, because there have been no great oilfield discoveries in over 40 years.”
• Sugar- “I am bullish on sugar.”
• U.S. dollar- “I own the US dollar and have not sold any. In fact, probably I would have bought some more, if I weren’t talking to you.”

Rogers concluded this discussion by sharing that:

I am still trying to find some more things to buy in Russia, maybe some Chinese shares and maybe some more Japanese shares…

Nice job by The Economic Times getting this information from Rogers.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)


Xiang, Nina. “Why We Should All Take A Moment To Listen To Jim Rogers.” Forbes. 27 May 2014. (http://www.forbes.com/sites/ninaxiang/2014/05/27/why-we-should-all-take-a-moment-to-listen-to-jim-rogers/). 29 May 2014.

“Will be excited about investing in India if Narendra Modi delivers: Jim Rogers.” The Economic Times. 26 May 2014. (http://articles.economictimes.indiatimes.com/2014-05-26/news/50098911_1_jim-rogers-commodity-space-gold-imports). 29 May 2014.

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Status Of West Coast Earthquake Early Warning System

The other week, I was pondering my options for “Resource Of The Week” on Survival And Prosperity.

Considering all the recent headlines about earthquakes, I decided I would look for some sort of earthquake early warning notification system for those living and working on the West Coast.

The best I could do was the U.S. Geological Survey’s Earthquake Notification Service (ENS), “a free service that sends you automated notification emails when earthquakes happen in your area.”

A noble effort, but basically, no earthquake early warning system in place then.

What a shame, considering the warnings of numerous experts about the inevitability of a major trembler striking the West Coast of the United States down the road.

The foundation for such a system is being laid, however. From Tiffany Wilson on the wesbite of San Francisco ABC affiliate Channel 7 yesterday:

UC Berkeley has been working for years to build an earthquake warning system on the West Coast. The same kind of system that helped prevent Mexico’s 7.2 magnitude earthquake on Friday from landing a bigger punch than it did.

California still doesn’t have one of these systems in place. Last year, Gov. Jerry Brown signed legislation that mandates California build one of these systems, however that bill did not include anything about funding

Right now, the UC Berkeley Seismological Lab has a test version of what the earthquake warning system would look like.

The system would send an alert to your cellphone, giving you precious seconds to find safety.

[UC Berkeley Seismological Lab spokesperson Jennifer] Strauss says it would cost about $82 million up front to build and $12 million annually to maintain…

(Editor’s note: Bold added for emphasis)

Wilson also added in her piece that Japan, Mexico, Turkey, and Romania have “similar or advanced warning systems” in place already.

In fact, viewers of one Mexico City TV program got to see the system work during last week’s quake:

“Así sintieron el sismo en Foro TV”
YouTube Video

I really hope some sort of earthquake early warning notification system is funded and operational before the U.S. West Coast suffers significant loss of life, limb, and property from a major shake.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)


Wilson, Tiffany. “UC Berkeley working to build earthquake warning system.” ABC 7. 21 Apr. 2014. (http://abclocal.go.com/kgo/story?section=news/local/east_bay&id=9511499). 22 Apr. 2014.

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15 Fukushima-Style Nuclear Power Plants Located In New Madrid Fault Zone

“As Japan’s crippled Fukushima reactor continues to leak radioactive water into the sea, Americans are beginning to worry over potential health risks when radioactive particles reach the West Coast of North America next year.

Concern has been mounting after it was reported that subcontractors at the plant had admitted to having under-reported radiation and that dozens of farms that were initially considered safe had unsafe levels of radioactive cesium.

There have been unconfirmed reports of higher cancer rates among Fukushima locals…”

-The Voice Of Russia website, December 1, 2013

Enough of blogging about my local scene and financial topics. Let’s turn to preparedness now.

Back when I worked for a suburban fire department a few years back I used to do a good deal of the grant writing. From time to time we would be eligible for funds to upgrade the department’s/municipality’s emergency preparedness and response capabilities. As part of the grant approval process, we would have to identify potential threats to the community. I would always point out the danger (although somewhat remote) posed by earthquakes. Yes, the Chicagoland area does have its share of tremors- the last notable one being a 3.2 magnitude quake on November 4. When putting together those grant applications, I was always more concerned of rumblers originating quite a bit south of the Chicago-area, like southern Illinois.

Enter the New Madrid fault.

The other day, I happened to be reading an article on the “NewsWatch” section of the National Geographic website. Neil Lineback wrote on November 30:

The New Madrid (MAH dred) fault is one of the most dangerous in the world. Located beneath the upper end of the Mississippi delta, the fault extends from Cairo, Ill., to Marked Tree, Ark., a distance of 130 miles (220 km)…

According to an article from ABC News Radio Online (March 2011), a major earthquake along the New Madrid fault line today would be catastrophic, potentially affecting more than 15 million people in eight states: Alabama, Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. The USGS reports that the people most at risk from a quake of magnitude 7.0 or 8.0, however, are the approximately one million people living in the Memphis metro area…

The Federal Emergency Management Agency (FEMA) also predicts that a major quake at New Madrid could displace 7.2 million people and destroy at least 15 major bridges.

Another problem altogether could result from the 15 nuclear power plants around the New Madrid region. All of the power plants are of the same or similar design as the ones that failed after Japan’s recent earthquake and resulting tsunami, according to ABC News.

(Editor’s note: Italics added for emphasis)

I checked out that ABC News article Lineback was referring to. What ABC News Radio actually said was:

There are 15 nuclear power plants in the New Madrid fault zone — three in Alabama alone — that are of the same or similar design as the site in Japan experiencing problems.

Not good.

And for any first responders out there reading this blog post, you may be interested in what was also mentioned in the piece:

In September, FEMA’s associate administrator for Response and Recovery, William Carwile, told a Senate panel that FEMA has five regional groups planning for possible earthquake responses, but a major quake along the New Madrid fault line could displace 7.2 million people and knock out 15 bridges. The response would require 42,000 first responders from local firefighters to the Pentagon.

(Editor’s note: Italics added for emphasis)

42,000 first responders!

Located in the “Geological Survey Program” section of the Missouri Department of Natural Resrouces website is a page entitled, “Facts about the New Madrid Seismic Zone.” From that resource:

The NMSZ appears to be about 30 years overdue for a magnitude 6.3 quake because the last quake of this size occurred 100 hundred years ago at Charleston, Missouri, on Oct. 31, 1895 (it was a magnitude 6.7). A magnitude 6.3 quake near Lepanto, Arkansas, on Jan. 5, 1843, was the next prior earthquake of this magnitude. About 75 percent of the estimated recurrence time for a magnitude 7.6 earthquake has elapsed since the last quake of this size occurred in 1812.

The earthquake that severly damaged New Zealand’s second-largest city- Christchurch- in 2011 and killed 185 people was a magnitude 6.3 event.

Any police or fire departments in the New Madrid fault region have any funds available for “new hires”?

How about gear to protect against radiation?

Just thought I’d ask.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)


“Are Americans safe from Fukushima radiation?” The Voice Of Russia. 1 Dec. 2013. (http://voiceofrussia.com/news/2013_12_01/Are-Americans-safe-from-Fukushima-radiation-0907/). 2 Dec. 2013.

Lineback, Neal. “Geography in the News: New Madrid Earthquake.” National Geographic. 30 Nov. 2013. (http://newswatch.nationalgeographic.com/2013/11/30/geography-in-the-news-new-madrid-earthquake/). 3 Dec. 2013.

“Potential Catastrophe: Earthquake Could Devastate Parts of US.” ABC News Radio. 15 Mar. 2011. (http://abcnewsradioonline.com/national-news/potential-catastrophe-earthquake-could-devastate-parts-of-us.html). 3 Dec. 2013.

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World’s Largest Active Bond Manager Predicts More Than 60 Percent Chance Of Global Recession In Next 3 To 5 Years

There’s been plenty of talk the past two days in financial/investing circles about a forecast made by Pacific Investment Management Co., the world’s largest active bond manager. In a report posted on the Newport Beach, California-based company’s website, PIMCO portfolio manager Saumil Parikh warned that investors should cut risk amid a more than 60 percent chance of a global recession in the next 3 to 5 years. From Parikh’s “A Secular View of Assets: Surfing the Wedge”:

For the secular period ahead, we expect a slowing rate of growth globally. This view encompasses a sustained deceleration in emerging market growth, continued stagnation in European growth and steady but slow U.S. growth. We also expect increasing competition for growth among the U.S., Europe, Japan and the newly developed Asian countries, introducing trade and currency frictions into the secular economic fundamentals mix.

We expect global inflation to remain well behaved for the next three to five years for two reasons. First, slower growth is likely to manifest through diminished aggregate demand growth relative to steady aggregate supply growth. And second, the global industrial commodity cycle is expected to turn from its investment phase to its production phase.

We expect global economic volatility to rise. Statistically speaking, the global economy experiences a recession every six years or so, and the frequency of global recessions tends to increase when global indebtedness is high and falling as opposed to when indebtedness is low and rising. Given that the last global recession was four years ago, and also given that the global economy is significantly more indebted today than it was four years ago, we believe there is now a greater than 60% probability that we will experience another global recession in the next three to five years.

Finally, we expect the distribution of global growth to shift somewhat over the secular horizon. Commodities are likely to garner a diminishing share of global growth as supply growth overcomes demand growth. Capital is expected to maintain its share of global growth as multi-factor productivity remains steady. And labor is expected to gain shares of global growth from this point forth as declining demographics begin to diminish the supply of productive labor relative to demand.

(Editor’s note: Italics added for emphasis)

Interesting stuff. Just keep in mind that it comes from the world’s largest active bond manager.

Also, I question Parikh’s prediction that commodity supply growth will overcome demand growth. Like Jim Rogers used to keep asking- where’s all this new supply going to come from? I understand financing for a number of commodity exploration/recovery projects shriveled up and disappeared after the “Panic of ’08.”

You can read Parikh’s entire piece on the PIMCO website here.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

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Marc Faber Buying Vietnamese Stocks, Considering Chinese, Japanese Shares In The Future

Swiss-born investment adviser/fund manager Marc Faber appeared on
CNBC’s Squawk on the Street last week. “Doctor Doom,” as the financial news media likes to call him, responded to a number of questions from CNBC staff, including where he saw the S&P 500 and Federal Reserve’s bond-buying program going.

The contrarian investor, who became famous for advising clients to get out of the U.S. stock market one week before the October 1987 crash and for predicting the 2008 global financial crisis (among other calls), also talked about where he was putting his own money these days.

Think Asia.

Dr. Faber told viewers:

I’m buying Vietnamese shares. And I’m thinking- I haven’t done it yet- to buy at some point some Chinese shares…

And last fall, last November, I said buy Japan. Since then Japan was up more than 70 percent, and in dollar terms, 35 percent. I want to buy more Japan on a setback.

“Dr. Doom: Market is Still ‘Quite Vulnerable’”
CNBC Video

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Wednesday, June 12th, 2013 Asia, Crash Prophets, Investing, Stocks No Comments

Solar Flares Could Be Directed At Earth Over The Next Week

On Tuesday, I blogged about the recent surge in strong solar flares popping-up on the Sun. Luckily, those X-class flares were not Earth-directed. If they were, well, things could have gotten ugly on the “third rock from the Sun” if those flares had been accompanied by a coronal mass ejection, or CME. From an August 16, 2011, post:

The real danger comes when a solar storm ejects a chunk of the corona — the sun’s outermost layer — toward the Earth. It hurtles through space as a huge electrically charged cloud with its own magnetic field. Scientists call it a “coronal mass ejection.”

With an Earth-bound CME, magnetic storms here on Earth could cause electric surges that fry electrical systems and hardware.

Lights out.

Well, the Japanese are now warning about the potential for new solar flares to be directed at the Earth in the coming days. From Jay Alabaster on the PCWorld website Thursday morning:

A Japanese government institute has warned that satellite transmissions, GPS readings, and power lines could be affected over the next two weeks if a recent spate of solar flares continues.

Four large solar flares have been detected over the last few days, including one on Tuesday that was the largest of the year. The flares were judged to be “X-class” by NASA and other agencies, the highest in a linear scale based on X-ray measurements.

Japan’s National Institute of Information and Communications Technology, or NICT, said the flares came from a group of sunspots that are pointed away from the Earth, but are due to rotate to face in the Earth’s direction over the next week. NICT said that if more major flares occur during that time, there could be problems for satellites and other equipment.

(Editor’s note: Italics added for emphasis)

Hopefully, no coronal mass ejections will be heading our way along with one of these flares. Or any other time, for that matter.

It’s been estimated that a severe solar storm could cause $1 trillion to $2 trillion in losses the first year, and take 4 to 10 years to fully recover from.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)


Alabaster, Jay. “Japan warns solar flares could harm GPS, satellites, power lines.” PCWorld. 16 May 2013. (http://www.pcworld.com/article/2038887/japan-warns-solar-flares-could-harm-gps-satellites-power-lines.html). 17 May 2013.

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Jim Rogers: ‘This Is Artificial Floating Of Assets And It’s Going To End Badly’

Lots of Americans these days probably think higher stock and home prices reflect the economic reality of the times.

A strong economic recovery in America?

Try fiat currency printing presses around the world working overtime.

The famous investor Jim Rogers sat down with CNN International’s Nina Dos Santos, host of World Business Today, last Friday. From their exchange:

ROGERS: It’s the first time in world history, recorded history, when all major central banks at the same time are printing a lot of money. The Japanese in December said “we will print unlimited amounts of money.” So the Americans said “we can do that!”
DOS SANTOS: You don’t agree with that strategy?
ROGERS: No, of course not. Debasing your currency sometimes works in the short-term. It has never worked in the long-term. And it doesn’t ever usually work in the medium-term. Debasing your currency- lots of politicians like to do it because it’s an easy way. But then the Americans said “we’ll print money.” And then the English said “well, we’ll print money.” And the Europeans of course. This is artificial floating of assets and it’s going to end badly.

“Rogers: Printing money is unsustainable”
CNN International Video

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Central Banks Continue To Stockpile Gold

Despite the price of gold getting pummeled recently, a number of the world’s central banks continue to acquire the precious metal. Sungwoo Park reported on the Bloomberg website yesterday:

The Bank of Korea added 20 metric tons in February, raising its gold reserves by 24 percent to 104.4 tons, it said in a statement today. Holdings rose about $1.03 billion by value to $4.79 billion at the end of last month, equivalent to 1.5 percent of total foreign exchange holdings, according to the statement. Prices advanced.

Russia and Kazakhstan expanded bullion reserves for a fourth straight month in January.

On February 11, I blogged that Russia is now the world’s biggest gold buyer, adding 570 metric tons of the precious metal to their holdings over the past decade.

Glenys Sim wrote on Bloomberg.com back on February 25:

Russian holdings climbed 12.2 metric tons to 970 tons last month after gaining 8.5 percent over 2012, according to International Monetary Fund data. Kazakhstan’s hoard grew 1.5 tons to 116.8 tons, following last year’s 41 percent expansion, data on the IMF website showed…

Central banks will again be strong buyers this year after they boosted purchases 17 percent to 534.6 tons last year, the most since 1964, according to the London-based World Gold Council.

The gold haters are out in full force these days. Yet, central banks keep stockpiling the yellow metal. Hmm.

Diversification? Or “something wicked this way comes?”

And there’s no shortage of stories in the American media of how poorly gold is doing. Even though it’s setting record highs in other countries. Brett Arends wrote on the MarketWatch website yesterday:

You won’t hear about it in the usual places. Everywhere you turn these days, all you hear is that gold is down, it’s finished, it’s heading for something called a “death cross,” which sounds terrifying. But away from the headlines, gold just rocketed to a new, all-time high.

In places like Argentina, Brazil, Iceland, India, and Japan.

Not bad for a “barbarous relic,” huh?

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)


Park, Sungwoo. “Korea Joins Russia, Kazakhstan in Boosting Gold Holdings.” Bloomberg. 6 Mar. 2013. (http://www.bloomberg.com/news/2013-03-05/bank-of-korea-boosts-gold-reserves-as-central-banks-buy.html). 6 Mar. 2013.

Sim, Glenys. “Russia, Kazakhstan Increase Bullion Reserves for Fourth Month.” Bloomberg. 25 Feb. 2013. (http://www.bloomberg.com/news/2013-02-25/russia-kazakhstan-expand-gold-reserves-for-fourth-month-1-.html). 6 Mar. 2013.

Arends, Brett. “The secret bull market in gold.” MarketWatch. 6 Mar. 2013. (http://www.marketwatch.com/story/the-secret-bull-market-in-gold-2013-03-06). 6 Mar. 2013.

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Jim Rogers Owns, Plans On Buying More Japanese Stocks

It’s not much of a secret that investor, financial commentator, and author Jim Rogers is bullish on Japanese stocks. Back on February 8 he told CNBC viewers:

I own Japanese stocks… Japan is down 75 percent. 75 percent… Japan is going to continue to print money. It’s not good for the world. It’s making markets go up. But in the meantime I’m anticipating. The yen is collapsing in Japan, but the stock market is going through the roof.

“Jim Rogers: I’m Short US Government Bonds And Investing In Russia – CNBC 2/8/2013”
(Japan discussion starts at 3:57)
YouTube Video

It’s now March, and the former investing partner of George Soros is still big on Japan. Toshiro Hasegawa and Anna Kitanaka reported on the Bloomberg website this past Monday:

“Japan is one of the few places in the world where I own shares,” Rogers, chairman of Rogers Holdings, said at a Daiwa Securities Group Inc. (8601) equity conference in Tokyo today. “I have no plans to sell and plan to accumulate more when I can. Abe has been a catalyst and this will continue for several years.”

The Singapore-based investor went into more detail about the Japanese equities he owns. Hasegawa and Kitanaka added:

Rogers said he owns shares of Japanese tractor makers on optimism they will be more competitive abroad because of a weaker yen, as well as brokerages.

Regular observers of Rogers, who correctly-called the commodity bull market that started in 1999, know he also likes agriculture as an investment. So his interest in Japanese tractor makers makes sense.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)


Hasegawa, Toshiro and Kitanaka, Anna. “Jim Rogers Bullish on Japan Equities on Abe’s Catalyst.” Bloomberg. 4 Mar. 2013. (http://www.bloomberg.com/news/2013-03-05/jim-rogers-bullish-on-japan-equities-on-abe-s-catalyst.html). 6 Mar. 2013.

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  • Ireland: No Bank Safe Deposit Boxes For New Customers
    Further evidence that in some parts of the world, private, non-bank vaults are increasingly becoming the only game in town. Louise McBride reported on the Irish Independent website last Sunday: The banks have taken a lot of things from us in recent years. Here are ten things you can no longer do at your bank… […]
  • World’s Best Offshore Private Vault Videos For 2015, Honorable Mentions
    Last Wednesday, Offshore Safe Deposit Boxes started naming the “World’s Best Offshore Private Vault Videos” for 2015. Third place in the “short program” category went to Siam Secure (Thailand), runner-up was Sovereign Safe Deposit Centres (England), and the winner for the TV commercial-style marketing videos this year was Custodian Vaults (Australia). Third place in the […]