Via: Reuters
Despite the recent selloff, Jim Rogers continues to be bullish on China.
“This is going to be the new centre of the world, not just the financial but the political world”
Positive for 2008!!!
He said his bets against U.S. investment banks, the two largest U.S. mortgage providers Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.N: Quote, Profile, Research) and the yen kept his portfolio in the positive last year, but the rest of his investments suffered.
Devaluation of the dollar….
“He (Jim Rogers) accused U.S. authorities of consciously trying to devalue the U.S. dollar by flooding the market with liquidity — or in his words, “turning on the printing presses” — and said anyone chasing the rally in government bonds is making a “terrible mistake.”
“The idea that you can fix a period of excess borrowing and excess consumption by more borrowing and more consumption to me is just ludicrous”
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20. January 2009 at 3:51 am
Rogers hardly ever mentions about India, it makes me nervous, I remember in one recent interview he mention India was a disaster
20. January 2009 at 4:17 am
I think he avoids Russia and India because of their political climate. Its worthless going investing in a country where the rules of the game can turn against you. Jim is bullish on Hong Kong for the opposite reason, he sees political relations improving.