According to Jim Rogers, Farmers are “going to get rich” due to favorable underlying factors. Jim Rogers states that the recent fall in commodity prices are a correction in an ongoing bullmarket.
How long will the commdotiy bull market last?
“I’d be happy if it could continue for another 10 to 15 years”
How long will the current downturn last?
“Perhaps a year or two”
Why will the bull in china and ag continue?
According to Miningmx.com, “The rapid increase of the middle class in countries such as China and India plays an important role in the demand for agricultural products. Not only do they eat more, they also tend to switch to the pattern in the developed world – for example, eating more meat.”
On “zombie” companies….
“How can people go and buy four or five houses without having the money? There must be pain now to correct those excesses.”
For investors who are concerned about falling prices..
Wait
For ordinary investors….
Tradeable index funds because “because 80% of portfolio managers can’t beat such an index”.
Source:Miningmx.com
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November 11, 2008
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