Sunday 14 August 2011
European countries don't deserve current credit rating: Jim Rogers
NEW DELHI: Commodities investor Jim Rogers says as governments the world over debase their currencies, investors will take refuge in real assets and gold is one of them. And European countries don't deserve their current credit ratings.
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Friday 12 August 2011
European countries don't deserve current credit rating: Jim Rogers - August 2011
NEW DELHI: Commodities investor Jim Rogers says as governments the world over debase their currencies, investors will take refuge in real assets and gold is one of them. And European countries don't deserve their current credit ratings.
Gold price movements
Well, I own gold and I see gold breaking new highs and racing up. I don't like to buy things when that is happening; when gold goes down I will buy more gold. Gold is going straight up, it will probably correct somewhere and I hope it will correct somewhere along the line and if it does I will buy more.
Full Article
Gold price movements
Well, I own gold and I see gold breaking new highs and racing up. I don't like to buy things when that is happening; when gold goes down I will buy more gold. Gold is going straight up, it will probably correct somewhere and I hope it will correct somewhere along the line and if it does I will buy more.
Full Article
Wednesday 10 August 2011
Jim Rogers: Bernanke, Geithner Leading Us Into Fiscal Armageddon Read more on Newsmax.com: Jim Rogers: Bernanke, Geithner Leading Us Into Fiscal Armageddon Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!
The United States is quickly approaching a fiscal Armageddon and the players in Washington — specifically Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke — don’t understand what is happening or know what do about it, world renowned investor and author Jim Rogers tells Newsmax.TV.
The chairman of Rogers Holdings and Beeland Interests, Inc. predicted more problems in the financial markets in the next few years and said any halt in the decline of stocks was just a “temporary bottom.”
He said that while America was not at the brink of a fiscal Armageddon right now, the nation is likely to default on its obligations in the future.
“This decade absolutely, probably sooner than this decade,” he said. “It is astonishing America is the largest debtor nation in the history of the world. This is not good news, what is going on in Washington, these guys are really, really out of it, they don’t understand what's happening and we’re all paying the price and it’s going to get worse.”
The chairman of Rogers Holdings and Beeland Interests, Inc. predicted more problems in the financial markets in the next few years and said any halt in the decline of stocks was just a “temporary bottom.”
He said that while America was not at the brink of a fiscal Armageddon right now, the nation is likely to default on its obligations in the future.
“This decade absolutely, probably sooner than this decade,” he said. “It is astonishing America is the largest debtor nation in the history of the world. This is not good news, what is going on in Washington, these guys are really, really out of it, they don’t understand what's happening and we’re all paying the price and it’s going to get worse.”
Jim Rogers Comments on the S&P Downgrade and Turbulent Global Markets
I’ve always got time to listen to Rogers. He has done his research and has his opinions. He doesn’t change on a daily basis like most talking heads and when he is asked a question that he can’t answer he isn’t afraid to not try and answer it. And of course he has a long history of being pretty accurate in his thinking.
Here are his comments post S&P downgrade in an interview with Bloomberg:
- S&P downgrade is not news, everyone has known for a long time that the U.S. is the largest debtor nation in the world.
- Markets are going down because Europe has problems, U.S. has problems and China is trying to slow things down.
- Was asked how we know when there is capitulation, Rogers as always with the intelligent answer of “I wish I knew” (most talking heads would answer that question even though they could not possibly know an answer).
- Normally when you see selling building up like this we are heading towards a big selling climax, if there is one Rogers will consider covering some or all of his shorts.
- Anybody who is investing based on the downgrade should not be investing. The world has known this for a long, long time.
- Markets look six months to a year ahead and there are some bad things coming — that is what drives the market
- Wouldn’t you balk on a bailout for Italians if you were a hard-working German taxpayer?
- Rogers owns the Euro and the U.S. dollar; he owns it because everyone is so bearish on it.
- Hopes his agriculture, gold and silver will protect him if things go horribly bad
- The U.S. is going to print more money, that is all Bernanke knows and that is good for real assets.
- The only thing that works is facing the consequences. Let people who are bankrupt go bankrupt. Can’t prop everything up forever. The Japanese have tried it for 20 years and it has not worked.
- Japanese stock market 75% below where it was 20 years ago. The U.S. is going to have another two or three lost decades if they don’t change the course.
- Worried about gold and silver because they are going up to fast, if they do he will buy more because they are going much, much higher just like agriculture and other commodities.
- Already in rare territory for the number of days in a row the markets have come down so he is looking to cover some shorts.
- More inflation is coming, whenever people print money it leads to inflation, not happy about it as it will cause social unrest so you must prepare yourself for it (own commodities).
- In the early 90s when Japan propped up Zombie banks Scandinavia had the same problem. They let people go bankrupt and reorganized and have been booming since.
- Denying reality never works.
Source
Here are his comments post S&P downgrade in an interview with Bloomberg:
- S&P downgrade is not news, everyone has known for a long time that the U.S. is the largest debtor nation in the world.
- Markets are going down because Europe has problems, U.S. has problems and China is trying to slow things down.
- Was asked how we know when there is capitulation, Rogers as always with the intelligent answer of “I wish I knew” (most talking heads would answer that question even though they could not possibly know an answer).
- Normally when you see selling building up like this we are heading towards a big selling climax, if there is one Rogers will consider covering some or all of his shorts.
- Anybody who is investing based on the downgrade should not be investing. The world has known this for a long, long time.
- Markets look six months to a year ahead and there are some bad things coming — that is what drives the market
- Wouldn’t you balk on a bailout for Italians if you were a hard-working German taxpayer?
- Rogers owns the Euro and the U.S. dollar; he owns it because everyone is so bearish on it.
- Hopes his agriculture, gold and silver will protect him if things go horribly bad
- The U.S. is going to print more money, that is all Bernanke knows and that is good for real assets.
- The only thing that works is facing the consequences. Let people who are bankrupt go bankrupt. Can’t prop everything up forever. The Japanese have tried it for 20 years and it has not worked.
- Japanese stock market 75% below where it was 20 years ago. The U.S. is going to have another two or three lost decades if they don’t change the course.
- Worried about gold and silver because they are going up to fast, if they do he will buy more because they are going much, much higher just like agriculture and other commodities.
- Already in rare territory for the number of days in a row the markets have come down so he is looking to cover some shorts.
- More inflation is coming, whenever people print money it leads to inflation, not happy about it as it will cause social unrest so you must prepare yourself for it (own commodities).
- In the early 90s when Japan propped up Zombie banks Scandinavia had the same problem. They let people go bankrupt and reorganized and have been booming since.
- Denying reality never works.
Source
Britain, other euro zone countries face ratings cut - August 8, 2011
Jim Rogers feels Britian and several euro zone countries are likely to have their credit rating cut in coming months as debt problems worsen, and feels Western policymakers are bound to embark on more QE to stimulate their economies.
In an interview with Reuters insider Rogers opined “The idea that the US is downgraded and the UK is not is lunacy. There are many countries, Belgium, Spain, lots of countries in Europe, that should be downgraded just as the US has been downgraded.
Link
In an interview with Reuters insider Rogers opined “The idea that the US is downgraded and the UK is not is lunacy. There are many countries, Belgium, Spain, lots of countries in Europe, that should be downgraded just as the US has been downgraded.
Link
Monday 8 August 2011
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