Shinzo Abe

Jim Rogers: Buy China, Japan, Russia, Agriculture

Last Thursday, I talked about a recent interview I listened to of well-known investor Jim Rogers. Robert Williams, the founder of the Baltimore, Maryland-based investment research/market commentary service Wall Street Daily, was asking the questions.

Apparently, I didn’t hear the entire exchange between the two. Williams got the former investing partner of George Soros in the legendary Quantum Fund to share with listeners what stocks he’s buying/intends to buy these days. From the Wall Street Daily website last Friday:

WILLIAMS: Do you have confidence in the U.S. stock market?
ROGERS: Well Bob, the U.S. stock market is making an all-time high. As you know, it’s up more highs this year than any year since 1929. That’s not a bottom. I’d rather buy – I’m buying shares in other markets around the world. I mentioned Russia… China, I bought more Chinese shares yesterday… Japan, I want to buy some more if I get time off the phone to buy more Japanese shares. You know the Chinese and Japanese markets are down 60% from their all-time highs. America’s making all-time highs as it did in 1929. I don’t know if these other markets are better, but I know buying low and selling high often turns out to be right.

(Editor’s note: Bold added for emphasis)

China, Japan, Russia. Check.

And agriculture.

On November 25, Jim Rogers appeared on the Bloomberg Television show Countdown. Host Mark Barton noted the chairman of Rogers Holdings is now an independent director of PhosAgro, Europe’s biggest phosphate fertilizer maker. Rogers shared with viewers:

So I started investing in Russia. I found this company. I’m bullish on agriculture. I’m bullish on these guys. They’re young, smart people. So here I am.

When asked what else he was bullish on in Russia, Rogers said:

I’ve been buying shares of the Moscow Stock Exchange… The easy way is the index, so I bought the ETF, as well. There are various ways to play Russia. Russia’s hated. In my view, wrongly so. And I hope, that all this is going to pass and I’ll make a lot of money.

On China, the Singapore-based investor noted:

I’m buying shares in China… Since the economic plenum of November of 2013- you know the Chinese said, “These are the areas of the economy we’re going to emphasize.” Mark, if the government is going to put a lot of money into those areas, I am too. They’ve got more money than I do. They’re smarter than I am. So I’m investing with them.

When pressed about other areas he was investing in, Rogers pointed out:

The markets that I have been investing in this year- new things- are Japan, Russia, China, agriculture. That’s where I’ve been putting my- those are all depressed markets. Why would you buy the U.S. at an all-time high, when you can buy Japan 60 percent below its all-time high, or China, 60 percent below its all-time high?

He added the following about Japanese Prime Minister Shinzō Abe and “Abenomics”:

He’s going to ruin Japan. But in the next two or three years, I hope he’s going to make me a lot of money. And the investment community. He’s making stocks go up.


YouTube Video

You can listen/read (transcript provided) to the rest of that Rogers interview by Robert Williams on the Wall Street Daily 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.)

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Jim Rogers Details Russian Investments, Shares Outlook For Developed Economies

While searching for the latest activity from the “crash prophets” this morning I came across an insightful piece on well-known investor, author, and financial commentator Jim Rogers on FT Alphaville. Izabella Kaminska reported on the Financial Times (UK) daily news and commentary blog today:

Rogers’ Russian investments now include stakes in fertiliser maker Phosagro, airliner Aeroflot, a Russia ETF and the Russian stock exchange, but he said was looking to expand into different sectors as well…

Rogers’ bullish view on Russia contrasts significantly with his outlook for Europe, Japan and the United States. Regarding Japan, Rogers proposed that Prime Minister Shinzo Abe was doing “terrible things” to Japan and advised young Japanese to leave the country as soon as they possibly could to avoid losses. However, in the short-term, he believed there were also opportunities in the stock market as a result of the extraordinary central bank action.

Regarding the Eurozone, Rogers said he didn’t own any euros, nor did he want to because he would rather buy Russia.

As ever, his outlook for developed economies remained bleak on the basis that central banks had debased the currency and that government statistics were lying about the true state of inflation in the land…

(Editor’s note: Bold added for emphasis)

It should come as no surprise to regular readers of Survival And Prosperity that the former investing partner of George Soros has been investing in Russia (blogged about in May here).

Rogers shared with the Financial Times his reasons for selecting the above Russian investments. Good stuff by Kaminska and FT Alphaville, which you can read in its entirety 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.)

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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)

Sources:

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 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.)

Source:

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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