Jim Rogers : In 1987 stocks around the globe fell 40% and many people said the bull
market was over. Then in 1989, 1990, 1994, 1997, 1998 there were many
times when stocks collapsed and everybody was convinced the bull market
was over. The bull market wasn’t over. It eventually ended in a bubble.
In my view that’s happening with commodities. I don’t see major sources
of new supply coming in on stream. Most commodities don’t have massive
new supply yet. For instance, agriculture has produced record levels for
the past few years and yet inventories are the lowest in 40 years
because consumption keeps going higher and higher, faster than
production does.
We have serious fundamental problems developing in agriculture. I don’t
see enough new supply to cause the bull market to end other than a
temporary consolidation, especially since so many people are convinced
and quick to rush out and write that the bull market is over. But we’ll
see.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Monday, July 22, 2013
[VIDEO] FreedomFest 2013 :Jim Rogers EXCLUSIVE Interview - Future Money Trends July 2013
Jim Rogers was a keynote speaker at FreedomFest 2013 , an annual festival where free minds meet to celebrate "great books, great ideas, and great thinkers" in an open-minded society. Founded by Mark Skousen since 2002, FreedomFest invites the "best and the brightest" from around the world to talk, strategize, socialize, and celebrate liberty. This year's keynote speakers include Senator Rand Paul, Steve Forbes, Jim Rogers and many more.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Labels:Jim Rogers
FreedomFest 2013,
Future Money Trends,
Interview
The Euro will look very different in a number of years. Devaluing is a Temporary Solution
Fusion: Will PIIGS nations have to leave the Euro in order to devalue their currencies and improve their competitiveness ?
Jim Rogers: The Euro will look very different in a number of years. Devaluing is a temporary solution. Europe has been doing that for decades with no success. They can continue to do what they’ve been doing, but they’ll get poorer and poorer. Only real structural change to improve their economies will work. I do not blame the hard working Germans for not wanting to keep bailing out the wine sipping, beach loving Spaniards, Italians and Greeks. - Jim Rogers interview with Fusion MarketSite
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Labels:Jim Rogers
The Euro
Jim Rogers: All the Debt is in the West while all the Credit is in the East
Fusion: Druckenmiller is warning about a rise in US rates, due to uncontrollable entitlements here in the US. Will China reduce their holdings of US Treasuries? What is your take ?
Jim Rogers: If you keep giving stuff away, your debt goes higher and higher, and there is no one to pay the debt. The US is the largest debtor nation in the history of the world. Only half pay taxes – this is an absurd situation. All the debt is in the west while all the credit is in the east. Regarding China, yes, I wish they had already started reducing their exposure to Treasuries. - Jim Rogers interview with Fusion MarketSite
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Singapore is becoming the new Switzerland as its sits right next to China
Fusion: Bright spots ? Is Singapore moving in the right direction ?
Jim Rogers: I hope so, as I moved here. Singapore is doing a good job. Income taxes are low, incentives to save are high, savings rates are high, and they do their best to attract capital and labor. There is a bit of a backlash now, with some of the problems immigrants are bringing here, but that has happened to all nations at some point in history. Overall, Singapore is doing well. Singapore is becoming the new Switzerland as its sits right next to China and has been helped by problems with offshore havens like Switzerland and Cyprus. It will be the fastest growing money center in the next 10 years. - Jim Rogers interview with Fusion MarketSite
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Labels:Jim Rogers
Singapore
Jim Rogers : Abe will ruin Japan
Fusion: How does it end in Japan – in tears ?
Jim Rogers: Of course it does. Japan has a very serious problem. When we look back, Mr. Abe will have ruined Japan. Huge debt levels, horrible demographics, they won’t let in foreigners, the population is declining. Mr. Abe comes along and says he’ll ruin the currency. It is a disaster in the long term, and not guaranteed to work in the short term, either.- Jim Rogers interview with Fusion MarketSite
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers : The US Shale Gas Revolution is over-hyped
Fusion: Many believe the US shale revolution is going to solve our energy problems? Is it over-hyped ?
Jim Rogers: Yes, I believe it is. Regarding natural gas, the fundamentals on the ground are not nearly as good as the hype. The number of rigs on the ground has gone down 75% the last couple of years, as the wells are very short-lived, and it takes an enormous amount of money to keep them up. A number of companies have had to lower estimates of their reserves. As for oil shale, typical wells deplete at 38 percent the first year. Thus you need a lot of drilling, money, and a high price to keep up production rates. All you have to do is go out in the oil patch. I believe the investment world will be disappointed with the notion that supply is so great that oil will collapse. - Jim Rogers interview with Fusion MarketSite
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
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Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "