Jim Rogers

Jim Rogers: ‘This Is The Time To Buy Russia’

Investor, author, and financial commentator Jim Rogers has been bullish on Russia for some time now. In fact, by the time I first blogged about his optimism for the country back in February 2013, he had already invested there.

Despite the recent crisis in the Crimea and subsequent sell-off of Russian assets by international investors, the former investing partner of George Soros hasn’t changed his mind about the former Communist nation. Gertrude Chavez-Dreyfuss and Daniel Bases reported on the Reuters website Sunday:

“Russia’s stock market right now is one of the cheapest in the world, and probably one of the most hated,” said investor and commodities guru Jim Rogers, chairman of Rogers Holdings, in Singapore. “This is the time to buy Russia.”

(Editor: Bold added for emphasis)

Chavez-Dreyfuss and Bases added later in the piece:

Rogers, who has been investing in Russia for the last 1-1/2 years, said he bought Russian stocks last week. He said if more sanctions are imposed and the equities market declines further, there would be more buying opportunities in Russia.

Rogers said he is looking for non-energy companies – a tall order considering the RTS Index of 51 leading Russian companies is heavily skewed toward energy (58 percent of the index) and basic materials (13 percent)…

(Editor: Bold added for emphasis)

In January 2013, the Singapore-based investor identified Russia as one market holding the best prospects for investors. Next month, Rogers made it known he had bought Russian bonds and currency. By September, he revealed he had also bought Russian ETFs, but explained:

I don’t want to buy their oil and gas plays because I own enough oil and gas. I’m looking for other kinds of companies in Russia.

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.)

Source:

Chavez-Dreyfuss, Gertrude and Bases, Daniel. “Analysis: Russia sell-off spurs hunt for bargains.” Reuters.com. 30 Mar. 2014. (http://www.reuters.com/article/2014/03/30/us-emergingmarkets-russia-investing-anal-idUSBREA2T03720140330). 31 Mar. 2014.

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MarketWatch On Jim Rogers: ‘Signs Are Suggesting He’s Right In His Gloomy Prognostication On Food Supplies’

I started blogging about investor, author, and financial commentator Jim Rogers back in the summer 2007, right after launching Boom2Bust.com, “The Most Hated Blog On Wall Street.” Rogers- who correctly called the commodities rally in 1999- was already talking up agriculture as a great investment opportunity seven years ago.

Time and time again on this blog, I’ve noted how bullish the former investing partner of George Soros is about the sector.

And yesterday, the financial website MarketWatch concluded the Singapore-based investor might be on to something.

From Karen Friar on The Tell blog:

What makes today’s comments more pointed is that signs are suggesting he’s right in his gloomy prognostication on food supplies.

Severe weather of different kinds, production constraints and other factors are pushing up prices of beef, bread and other staples (read: 10 foods eating into your budget). Plus, California — the U.S.’s agricultural heartland — won’t get any irrigation water this summer, despite being gripped by a drought. That should end up hitting consumer wallets, too. And even the crisis in Ukraine could end up putting pressure on grain markets…

(Editor’s note: Italics added for emphasis)

Naysayers love to bash Mr. Rogers and his investment predictions, trying to “call the game while it’s still in the early innings” (the same happens to fellow “crash prophets” Marc Faber and Peter Schiff- just look at the CNBC.com comments section underneath an article written about any one of the three). But I remember a British publication analyzing the outcome of his investing calls after he made that gloomy British pound forecast a few years back, and determining that more often than not Rogers is correct.

Chalk another one up for the CEO of Rogers Holdings and Beeland Interests, Inc.? I think it’s a little too early still to give Rogers full credit, but based on his track record I have a feeling he’ll get this agriculture call right too.

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

Source:

Friar, Karen. “Jim Rogers: Want to make money? Drive a tractor.” The Tell. 25 Feb. 2014. (http://blogs.marketwatch.com/thetell/2014/02/25/jim-rogers-want-to-make-money-drive-a-tractor/). 27 Feb. 2014.

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Peter Schiff: ‘The Fundamentals For Gold Have Never Been Better Than They Are Now’

Euro Pacific Capital CEO and Chief Global Strategist Peter Schiff appeared on FOX Business Network’s Markets Now show on January 3. Schiff, who correctly-called the recent U.S. housing bust and global economic crisis, shared the following about gold with viewers:

Well, I’ve been buying gold now for 14 or 15 years. And out of the last 13 years, it’s been down once, which was in 2013. Did I anticipate a 28 percent decline in 2013? No. But the fact that it happened doesn’t change anything. What’s amazing is that you have this big down year, and yet hardly anybody views it as a buying opportunity. They think 2014 is going to be just as bad. Because the fundamentals for gold have never been better than they are now. The fact that so many people can’t see that, just makes me even more bullish.

Rogers reportedly “ultra bullish” on gold long-term. Schiff “even more bullish” on the precious metal than he was before.

When asked if gold’s price could rise in 2014 and by how much, Schiff, who’s also the CEO of Euro Pacific Precious Metals, said:

We had a pretty big down year in 2013. So I would expect a pretty good year upwards in 2014. Is it possible that we could have two down years in a row for gold? It’s possible. You know, but I don’t think it’s probable.


“A Fed Induced Phony Recovery is Bullish For Gold”
YouTube Video

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.)

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Jim Rogers ‘Ultra Bullish’ On Gold Long-Term

While a good amount of “dislike” has been directed at gold lately, it really ramped up to a new level starting December 30. Later that afternoon I noticed the headlines on the financial mainstream media websites emphasizing (extra big and bold in a number of cases) the price of gold getting pummeled in 2013. For example, there was this on the Financial Times (UK) website Friday:

8:58am On Wall Street from MARKETS
Gold bulls lose faith in bullion’s allure
Last year’s losses battered the metal’s reputation as a store of value
• Gold funds lose lustre
• Gold miners braced for reserve cuts
• Little glitter for gold in 2014
• Gold set for biggest drop in 30 years

All that in one section of the site. The above is pretty typical of what I’ve been seeing the last couple of days across the Internet.

And reading all the negative press, I have to wonder if now might not be a good time to acquire gold. Especially as “crash prophets” Marc Faber, Jim Rogers, and Peter Schiff are bullish on the yellow metal in the long run.

According to a recent report in a prominent international, web-based publication focusing on all aspects of the mining sector, Rogers, a well-known investor, author, and financial commentator, is actually “ultra bullish” on gold in the long term. Alex Williams wrote on Mineweb.com on New Year’s Eve:

Rogers prefers gold over gold mining shares and divisible coins over bullion, but says “there’s nothing in precious metals that I’m tempted to buy at the moment.” Indian import tariffs he views as the single biggest drag on the gold market currently…

For early 2014, Rogers is therefore long inflatable equities and neutral on gold, but longer term, he expects to short junk and government bonds and is ultra bullish on gold. “Gold will become one of the only refuges around,” he says. “That’s not this quarter.”

(Editor’s note: Italics added for emphasis)

It’s no secret that the Singapore-based investor sees gold doing well over the long haul. Back on August 5, I noted that Rogers had recently appeared on GoldSeek.com Radio’s The Gold and Silver Review show. Speaking to Chris Waltzek on the August 2 show, Rogers predicted the following for gold:

Eventually, we will make a new low, whether it’s this year, next year, or the year after. And then, of course, the bull market will resume. And we’re off to the races and wonderful new highs will be made. But it may be a few years from now.

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.)

Source:

Williams, Alex. “Bernanke has set the stage for the Fed’s collapse- Jim Rogers.” Mineweb.com. 31 Dec. 2013. (www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=222934&sn=Detail). 3 Jan. 2014.

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Jim Rogers: ‘The Whole World Is Going To Collapse’

“Crash prophet” Jim Rogers appeared on The Lang and O’Leary Exchange, a Canadian business news television series which airs weekdays on CBC Television and CBC News Network, on December 3. The former investing partner of George Soros in the legendary Quantum Fund had a dire warning for viewers. From the discussion between host Amanda Lang and Rogers:

LANG: Are there any kind of big events- macro events- that could change your story for you in terms of where you’re putting your money?
ROGERS: Yeah sure- worldwide collapse. You know, if Spain suddenly goes bankrupt, Italy suddenly goes bankrupt- and they might. And they well might. But it doesn’t look like it’s going to happen anytime soon. But eventually Amanda- of course, the whole world is going to collapse. We in the West have staggering debts. The United States is the largest debtor nation in the history of the world. This is going to end badly. We’re all floating around on a sea of artificial liquidity right now Amanda. This is not going to last. No, no. And when it ends, the bull market in commodities will probably end too. But, the bull market in a lot of stuff will end.
LANG: So that was going to be my next question. A lot of people are now gravitated towards equities partly because there’s nowhere else to go. As we see if we see that correct, do you see some come to commodities or do you see all of it correcting together?
ROGERS: Well, eventually Amanda, when the next big collapse comes- and we’ve had them every four to six years since the beginning of the American republic and the Canadian republic- you’re going to see serious, serious problems. The next correction when it comes- because the debt is so very very high. You know, 2008 was worse than 2002 because the debt was so much higher. You wait until 2015 or 16, Amanda. The debt has gone through the roof. The next one is going to be very bad. Be very careful. Be prepared, be worried, and be careful.


“Commodities Bust”
CBC Video

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.)

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Thursday, December 5th, 2013 Commodities, Crash Prophets, Debt Crisis, Europe, Stocks No Comments

Jim Rogers: Opportunities In Chinese Railroads, Healthcare, Agriculture, And Pollution

“China unwrapped its boldest set of economic and social reforms in nearly three decades on Friday, relaxing its one-child policy and further freeing up markets in order to put the world’s second-largest economy on a more stable footing…

Analysts suggested the plans are the most significant since Deng Xiaoping led a series of reforms in the late 1970s and the early 1980s. Those changes eventually opened up the country to the outside world and set it on course to become the champion economy of emerging markets.”

-Reuters, November 15, 2013

Well-know investor, author, and financial commentator Jim Rogers has been bullish about the People’s Republic of China for some time now. However, in the wake of the above announcement, the author of Bull in China: Investing Profitably in the World’s Greatest Marketicon is even more upbeat about the Asian country’s prospects.

Earlier today, Rogers appeared on CNBC-TV18 and told viewers:

Well, I’m excited by what happened. As the Chinese had an exciting announcement in 1978 and in 1993, they say this announcement is to be as significant and as exciting as what happened previously in those two years. So far what I have seen that’s correct- some sectors of the Chinese economy are going to benefit enormously. And as you all know if you can find a government that is going to spend a lot of money or give a lot of incentives to a sector, you should put your money into that sector too. So the Chinese are clear that they are going to do something about railroads, about healthcare, agriculture, pollution. They have made it pretty clear they are going to do something, so I would suggest that people read what they said and then try to find some stocks in those areas.

You can watch the entire interview of Jim Rogers by CNBC-TV18 on their website here.

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.)

Source:

“Pick China over India; oil likely to fall: Jim Rogers.” CNBC-TV18. 25 Nov. 2013. (http://www.moneycontrol.com/news/fii-view/pick-china-over-india-oil-likely-to-fall-jim-rogers_996551-1.html) 25 Nov. 2013.

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Jim Rogers: ‘Everybody Should Own Some Precious Metals As An Insurance Policy’

The well-known investor, author, and financial commentator Jim Rogers was recently interviewed by the Burbank, California-based Birch Gold Group. I was reading a transcript dated November 12 of the discussion he had with Rachel Mills of the precious metals company when I spotted the following comment the Chairman of Rogers Holdings and Beeland Interests made about gold and silver and the important role they can play in protecting wealth. From their exchange:

MILLS: So what advice would you give someone who as of yet has no precious metals in their portfolio right now?

ROGERS: Well, everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something, buy themselves a gold coin if nothing else, and see that it’s not going to hurt. It won’t hurt you to buy the first gold coin, the first silver coin, and from that you start accumulating as your own situation dictates.

First, do your homework, don’t buy gold because you heard me say it or even because you hear you say it. But if people don’t own they should start after they have done their homework. And then they will probably, if they do their homework, most people will then realize, “Oh my gosh, I better have insurance, and gold and silver may get me through serious problems ahead.”

(Editor’s note: Italics added for emphasis)

In all the time I’ve been following Jim Rogers closely (9 years), I don’t recall him ever being so adamant about gold and silver being used for insurance purposes.

A good interview which you can read/listen to here on the Birch Gold Group website.

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.)

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Jim Rogers Bullish On Base Metals, Cocoa, Coffee, And Crude Oil

Another “crash prophet” was recently interviewed by The Economic Times (India). Well-known investor, author, and financial commentator Jim Rogers appeared on their business/financial news channel ET Now and talked about a number of financial and investing topics. Rogers, who correctly announced the start of the latest commodities boom in 1999, told viewers:

I own sugar. I bought sugar not long ago… I am optimistic about coffee, cocoa… Coffee is certainly down a lot, and it’s one that one should consider buying.

The former investing partner of George Soros also talked about base metals. Rogers said:

I’d rather buy base metals now than gold, for instance… The base metals are down substantially. There is all this money printing. And some of it is working its way into the economy. Some of that money will go into base metals as a way to protect ourselves against inflation and currency debasement. So, yes- I’d much rather buy base metals that precious metals.

Finally, the Chairman of Rogers Holdings touched on crude oil. Rogers pointed out:

Well, there is a certain excess supply in the crude market at the moment because of the shale boom in the U.S. I’m not sure how much longer that’s going to last because those wells are very short-lived wells and the production declines pretty quickly. But, at the moment we certainly do have a glut, and we could very well see lower prices. But don’t sell your crude, because if prices go lower, first of all it cuts back on the shale, because shale has to have high prices in order to bring it to market. And second, oil is going to go much higher over the decade. Other reserves around the world- known reserves- are in decline. Every other country in the world has declining reserves. So, this is a temporary thing.

You can view the entire interview with Jim Rogers on The Economic Times website here.

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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Quote For The Week

“When I was selling my New York house, I almost backed out; I just couldn’t bear the thought of leaving. But now I’m very happy here. I fly to New York and I realize I’m in a Third World airport. Then I get into a Third World taxi onto a Third World highway. The difference now just slaps me in the face. New York is a wonderful place, with the people and the vibrancy, but I can find the same vibrancy, if not more, in Asia.”

-Well-know investor, author, and financial commentator Jim Rogers, talking about his move from New York City to Singapore in 2007 and subsequent return visits to the U.S. in a recent Barron’s interview (discussed here)

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

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Great Jim Rogers Interview

“I could buy farmland and become a farmer—although I would be hopeless at it—or buy farmland and lease it out. Buy shares in farms, farm equipment, fertilizer and seed companies that trade on exchanges around the world. Stock markets in agriculture-producing countries should do better than those in agriculture-importing ones. Retailers, restaurants, banks in agricultural areas will do well. Buy a vacation home on a lake in Iowa, not Massachusetts.”

-Jim Rogers, in a recent Barron’s interview that appeared on the publication’s website on October 12, 2013

I just got done reading a terrrifc interview of well-known investor, author, and financial commentator Jim Rogers that appeared on the Barron’s website the other weekend. Kopin Tan did a wonderful job extracting some pretty detailed information from the former investing partner of George Soros on such areas as:

-Where he thinks the U.S. stock market is heading
-Potential investment opportunities in the United States and around the globe
-Ideas for investing in these opportunities

As regular readers already know, I don’t like to steal anyone else’s thunder. So check out Tan’s interview with Mr. Rogers over on the Barron’s 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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Jim Rogers Identifies Money-Making Opportunities In China

Last Sunday, well-known investor, author, and financial commentator Jim Rogers appeared in an interview posted on the U.S. business and technology website Business Insider. Mamta Badkar interviewed the former investing partner of George Soros, and the discussion focused on China. From their exchange:

BADKAR: So what opportunities are you seeing in China right now?
ROGERS: Well, there are lots. The Chinese government is spending staggering amounts of money on agriculture, for instance. Mao Zedong ruined Chinese agriculture. They know it. The place is horribly polluted. They know it. They’re spending staggering amounts of money trying to clean up the pollution in China. You look at these railroads. They’re trying to build a railroad system because it’s much more efficient and they know that. They’re doing some smart things. Tourism- Chinese tourism. They’ve not been able to travel for a few hundred years. Now they can get passports very easily. Now they can take money out of the country very easily. A billion three hundred million Chinese. They’re going to change the name of “Madison Avenue” to “China Avenue” or something when the Chinese start flocking around the world . There are great opportunities in Chinese tourism.


“Jim Rogers Emerging Markets”
Business Insider 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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Jim Rogers: ‘Possible That Gold Will Go To Between 900 and 1,000’

On September 18, investor, author, and financial commentator Jim Rogers chatted with host Lauren Lyster of Yahoo! Finance’s The Daily Ticker. Gold was one of the topics they discussed. From their exchange:

LYSTER: What about gold? Because you were dead on. You said gold could go to 1,200, gold could go to 1,100, it’s a 12-year bull market, that’s not normal. It did exactly that. It went to about 1,200. Now it’s above 13. Where do you think it goes though? Because you also said that it really needed to shake out all the faithful diehards. That it can go as low as 900- a 50 percent correction wouldn’t bee abnormal. So do you think gold still has a lot lower to go?
ROGERS: Well, I’m delighted you remember. My goodness. Wow, I’m very impressed. Yes, I have not bought gold- yet. I mean, I bought a little bit when it was at 1,200, in case. But, in my view, it’s likely, it’s probable, it’s even, well let’s say, possible that gold will go to between 900 and 1,000. If it does, if it does, I hope I’m smart enough to buy a lot more.

Lyster went on to say:

A lot of the bearish predictions that had people buying gold haven’t played out and don’t seem to be on the horizon anymore.

Regrettably, it sounds like Lyster has been partaking in the Kool-Aid being doled out by the politicians and central bankers.

Based on a waffling “recovery” marked by a federal funds rate still near zero, years of trillion-dollar federal budget deficits, a $16.7 trillion federal borrowing limit being reached, significant part-time as opposed to full-time national job creation, an unemployment rate falling because Americans are giving up looking for work, and the Fed’s refusal to take away the punch bowl just yet and sustain the massive money printing going on, one could argue that gold’s fundamentals not only remain intact, but keep getting stronger.

“Bearish predictions… haven’t played out and don’t seem to be on the horizon anymore.” Hogwash. The threats to our economy and larger financial system that made themselves known during the “Panic of ’08 still linger on 5 years later and have never been resolved- only papered-over for the time being.


“Gold Rallies on Fed’s Taper Delay: Jim Rogers Forecasts a Drop to $900 Ahead”
Yahoo! Finance 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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Jim Rogers Bullish On Russia, Sugar

Well-known investor, author, and financial commentator Jim Rogers appeared on the FOX Business show After the Bell on Monday. Speaking to David Asman and Liz Claman, the former investing partner of George Soros elaborated on two investment opportunities he’s spoken of before- sugar and Russia. From their exchange the other day:

CLAMAN: What do you buy in this atmosphere? What commodity do you like right now?
ROGERS: Agriculture. Buy sugar. Buy sugar. If you go to a restaurant tonight and there’s sugar on the table, put it in your pocket, because it’s free and it’s going to go high.
ASMAN: Sugar has come down enormously. What, about 75 percent?
ROGERS: 75 percent below its all-time high.
ASMAN: So, is this just a temporary- I mean, obviously, commodities are a very scary thing to play. It takes a lot of, a few people, like Jim Rogers to play the commodities game. Is this going to change quickly?
ROGERS: Well, I hope so. When you buy it you hope it goes up that day. I’m buying sugar as we speak. So I have no idea when it’s going to go up. It may go down.
CLAMAN: Do you buy it raw? Do you buy the ETF? How do you, Jimmy Rogers, purchase sugar?
ROGERS: I buy sugar itself… And I buy sugar companies as well. Companies which produce sugar.

Back on August 27, I blogged about Rogers starting to purchase sugar:

The so-called commodities guru still has a sweet tooth, as he mentioned in an interview that was published on The Economic Times (India) website earlier today:

ET NOW: With gold prices soaring to the levels of 32600, what are the commodities that you are currently betting on?
ROGERS: I have started buying some sugar. I am not sure of how I got my timing right, I am never very good at it, but I am more bullish on agriculture. Some agriculture prices are very depressed. Sugar, for instance, in the western market is down over 75% from its all-time high. Especially for India and places that I mentioned, you are going to need to protect yourselves from currency debasement and currency decline. So think of real assets.

(Editor’s note: Italics added for emphasis)

On Russia, the Singapore-based investor shared with After the Bell viewers that had bought Russian ETFs. Rogers explained:

I don’t want to buy their oil and gas plays because I own enough oil and gas. I’m looking for other kinds of companies in Russia.

Back in February I blogged about how Rogers revealed on the Yahoo! Finance show The Daily Ticker that he was “optimistic” on Russia and had invested there.


“Jim Rogers: If gold goes under $1K, I will buy”
FOX Business 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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Jim Rogers Predicts Economic Slowdown ‘Sometime In The Next Year Or Two’

While I don’t read Chinese newspapers on a regular basis, I happened to spot an unpleasant economic prediction from well-known investor, commentator, and author Jim Rogers on one of them this morning. According to the Global Times (China) website, Singapore-based Rogers warned of the following this past Saturday:

Addressing a forum ahead of the 17th China International Fair for Investment and Trade, Rogers said, “Quantitative easing and money printing is going to end in one way or the other. It is going to cause problems in the world economy. Sometime in the next year or two, we are going to have another economic slowdown.”

(Editor’s note: Italics added for emphasis)

The English-speaking publication added:

He hoped that central banks will stop monetary easing. “Even if they don’t, the market will say we won’t take your garbage paper money anymore.”

But he warned that the withdrawal will cause problems and everybody will be affected, including China.

“America, Europe and Japan, these economies are ten times bigger than China. Even if China is doing everything right, it will still be affected by what’s happening in the rest of the world,” he added.

(Editor’s note: Italics added for emphasis)

I wonder just how big of a global economic slowdown Rogers is forecasting?

Back in early February I blogged about what the former investing partner of George Soros said on the Yahoo! Finance show The Daily Ticker in a discussion about stock prices and central bank money printing:

I mean, this is staggering what’s going on. It’s going to end so badly for all of us. We’re all going to wake up one day with a horrible headache. Probably 2014, 2015. Or the end of 2013.

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

Source:

“Global economic slowdown is near: investment guru.” Global Times. 7 Sep. 2013. (http://www.globaltimes.cn/content/809330.shtml#.Ui38BH9Lhwt). 9 Sep. 2013.

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Jim Rogers Predicts ‘Panic In A Lot Of Markets, Including In The U.S.’

Well-known investor, financial commentator, and author Jim Rogers was interviewed by Reuters on August 28. Speaking to Tara Joseph from Singapore, the former investing partner of George Soros was asked about Syria and its effect on his investment outlook. While Rogers predicted commodity prices would rise in the event of war, his forecast for the U.S. and emerging financial markets once central bank stimulus is withdrawn is what really stood out. From their exchange:

JOSEPH: We’re already though, Jim, seeing sort of the unwinding of what happens when there are fears of that stimulus coming out. What’s next for these countries? Where does it go from here?
ROGERS: Tara, we haven’t seen much of anything yet. I mean, normally in bear markets things go down 40 to 80 percent and people give up. They throw the shares out the window and they say, “I never want to invest again as long as I live.” Sure, we’ve seen some declines. Have we seen panic, have we seen terror? Absolutely not. Not in any markets yet.
JOSEPH: Are you expecting panic? We’ve seen many crises. But do you see more panic?
ROGERS: Yes, of course. When this artificial sea of liquidity ends, we’re going to see panic in a lot of markets, including in the U.S., including in less developed markets. I mean, Tara, this is the first time in recorded history that all major central banks have been flooding the market with artificial money printing at the same time. Where they’ve all been trying to debase their currencies at the same time. This has never happened in recorded history. When this ends, it’s going to be a huge mess.


“Prepare for market panic: Jim Rogers”
Reuters 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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Christopher E. Hill, Editor
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