“I have various views on Korea, but do not invest there since Korea makes it extremely complicated for foreigners to invest there,” Rogers said. “I know Korea says loudly and widely that it welcomes foreign investors but Korea’s actions tell a different story. They have driven me away and presumably others as well.”

Rogers doesn’t have anything personal against Korea, he was simply turned off with the stringent regulations. Jim Rogers continues to like its prospects in the coming years.

“It’s a wonderful country, I love it there,” he said.

“It will give Japan a gigantic run for their money. Maybe that’s why Japan is against the merger.”

Source: The Korea Herald

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

Related posts:

1. Sri Lanka To Offer Better Returns 2009 might very well be the year Jim Rogers fell...

Related posts brought to you by Yet Another Related Posts Plugin.

Two great video from Jim Rogers speech at the Asian Financial Forum (AFF). A couple of quotes below and of course some videos, Enjoy.

“In my view the focus of the world is shifting from the West to Asia,” Rogers said in a speech to the Asian Financial Forum in Hong Kong. “Probably the most important thing that’s happening in the world in the 21st century is the rise of China.”

“Throughout history, when you’ve seen transitions, it’s always been about where the money goes and the money is now in Asia,” Rogers said. “This is going to be the new center of the world, not just the financial world, but the political world as well.”

“I cannot conceive of lending money to the United States. I will tell you that anybody who buys government bonds is making a terrible, terrible mistake,” Rogers said. “If I were you, I’d go home and sell your bonds. And if you happen to be a bond portfolio manager, I would urge you to get another job. You’re in the wrong place at the wrong time.”

“The American government is making a terrible mistake. The plan they have is not going to work,” Rogers said. “I don’t see how you can solve the problem of excess lending and excess consumption with more lending and more consumption. It’s ludicrous on its face the path they have chosen. I would prepare yourself to be very worried about what’s going to happen in the future and start preparing to get out if you’re an equity investor.

“Now he has backed away somewhat from those platforms, but I’m extremely worried,” Rogers said. “The change is all very exciting, but the new things are more spending, more debt, more inflation and higher interest rates down the road. I don’t see any signs these guys have a clue what to do.”

“If you go back and look at history, you will find when we’ve had periods of forced liquidations, the way you make money historically is you find the thing where the fundamentals are unimpaired and that’s what you buy,” he said. “The fundamentals of most industries in the world are very impaired by what has happened. But commodities are not impaired. Things are so bad farmers can’t get loans for fertilizer, nobody can get a loan to open a mine. Supply is under pressure at a time when the world is going to continue to eat and do all those things we have to do.

“Once again the world is going through a period where the people who produce real things are going to make money and not the paper-changers in the City of London,” Rogers continued. “If any of you have MBAs, I would rush down and see if you can exchange it for an agricultural degree. All those guys on Wall Street or in the city of London driving Maseratis need to learn how to drive a tractor.”

Related posts:

1. Long Sugar, But Getting Short Bonds Source: Index Universe: Jim Rogers Interview: Long Sugar, But Getting...

Related posts brought to you by Yet Another Related Posts Plugin.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

Jim Rogers on Obama….

“First, he wants to tax capital, just when capital is at its weakest. And second, he wants to protect American jobs.”

“The best hope for America is that everything Obama has said so far has just been rhetoric”

The greenback (dollar)….

“Bet against the dollar”

Bonds anyone…?

“And bet against long-term U.S. bonds as well”

Are commodities still in play after this steep drop? You bet!

“Even if commodities fall for a year or two, it’s not the end of the bull market,” he says. “Buy gold, cotton and sugar,” and keep an eye on African oil stocks, especially in Angola.

Source: http://moneynews.newsmax.com/streettalk/jim_rogers_obama_policies/2008/11/21/153795.html

Related posts:

1. Jim Rogers On Gold Continuing with his appearance with the media, Jim Rogers appeared...
2. Long Sugar, But Getting Short Bonds Source: Index Universe: Jim Rogers Interview: Long Sugar, But Getting...

Related posts brought to you by Yet Another Related Posts Plugin.

Why live in Asia….?

“The 19th century belonged to Britain, the world’s foremost imperial power. The 20th century belonged to America, the land of the free. The 21st century belongs to Asia, and more specifically, China”

“I like being in Asia, it’s very dynamic, everything works, it’s got very high standards”

How did Jim Rogers spot the potential in Asia?

“I came across this guy out in the desert, he started out by selling bread to farmers at 5 o’clock in the morning. By the time I across him, he had a a restaurant and a little hotel,” he says of a 1988 motorcycle trip to the country. “We were told they were all a load of bloodthirsty Communists, yet here was this guy with this little empire and he was making lots of money. Next time I went back, in 1990, he had two hotels and two restaurants…it was clear to me that there were a lot of stories like this.”

But, isn’t difficult for a foreigner to invest in China directly?

“You cay buy exactly the same share outside of China that you can buy inside it, but at a discount….That discount is going to disappear some day, because some day, you’re not going to have all these crazy different classes of shares.”

Why did Jim leave other emerging markets and stick to China?

“I had sold out of all other emerging markets…because there were all these MBAs on airplanes flying round the world looking for new emerging markets. They were all being over-exploited.”

Is Jim still looking at other emerging markets? You bet he is…..

I’m just sitting and watching because during this period of forced liquidation, some of these emerging markets are going to go down by more than they should simply because they went up more than they should have.”

What’s on his watchlist?

Taiwan- “I’ve never bought Taiwan before in my life, but there is peace now”

Myanmar- “It’s got 70 or 80 million disciplined, educated people, lots of natural resources, and it sits right between India and China. What better location is there than that?”

Africa- “There are huge opportunities in Africa. If there were six of me, two of me would be in Africa now. Angola is going to be the largest producer of oil in Africa sometime within the next year or two, overtaking Nigeria. Tanzania is making dramatic changes, too”

And Russia? I don’t think so….

“They’re getting their expertise and capital out of Russia, whereas the Chinese are pouring money and expertise back into China…The Chinese see the opportunity. In Russia, they see the problems,” he remarks, concluding that “I wouldn’t put anyone into Russia right now.”

Related posts:

1. Businessweek: Jim Rogers On Why Gold Is Glittering So Brightly Great interview of Jim Rogers on Gold. Gold has been...

Related posts brought to you by Yet Another Related Posts Plugin.

Whats the current state of current U.S. Public Relations….?

“We are now the world’s largest debtor nation…we are going to hear the term ‘currency crisis’ a lot more.”

On bailouts….

“The central bank in America had made it clear that it will not let anybody fail, and that has helped create this huge amount of loans”…….”LTCM (LongTerm Capital Management” should have failed and had they let it fail, we would not have had so much, if any, of this gigantic creation of toxic waste. Bear Stearns and Lehman Brothers would not have been able to write all this junk.”

“Greenspan refused to let them [LTCM] fail, then he printed huge amounts of money, which led to the dot-com bubble, then after that bubble popped he printed huge amounts more money to goose up housing and consumption.”

What about those huge capital injections to free up the credit market….?

“It’s absolutely false…What the hell is Paulson talking about? Investment banks have been going bust for years…What happens is that he gets calls from his buddies on Wall Street, saying ‘this is serious and we’re gonna fail’ and he panics and dresses it up like the whole world’s going to end. For God’s sake – these kind of things have been happening forever.”…..We now have “horrible economics and horrible morality”

How is Europe farring?

“Some got it less wrong than others” is the most he will concede. Jean-Claude Trichet at the European Central Bank “at least seems to understand what’s going on”.

And The UK…?

“The financial system here is maybe in even worse shape than the US”- (Not exactly what they wanted to here eh?)

“Look at Northern Rock…it got into trouble, there was a run on the bank, people were taking their money out and putting it in Barclays and Royal Bank of Scotland instead.”

“Then the government stepped in and bailed out Northern Rock, so everybody started taking money out of other banks and putting it back into Northern Rock because it was the only totally secure bank. That weakened the other banks so the government had to come in and bail them out too – it’s the same idiocy that prevailed in the US.”

“In a decade, you’re going to be importing oil again – what’s going to hold sterling up when you’re a net importer of oil? You’ve already got a balance of trade deficit. I’ve sold all of my sterling… there are no fundamentals to support sterling as far as I can see.”

Where do we find safe ground….? East baby!

“All the creditor nations are in Asia now. The five biggest creditor nations are China, Japan, South Korea, Taiwan and Singapore – and throughout history, financial centres have gravitated to where the money is.”

What is Jim doing….

Once Asian central banks cease buying US government bonds, all bets will be off. When will that be? “I don’t know, and I don’t know why they keep doing it… I certainly wouldn’t – I’m shorting US Treasury bonds”

Source: http://www.investorschronicle.co.uk/Columnists/GuestColumnists/article/20081117/008775ec-b491-11dd-9469-00144f2af8e8/The-west-is-finished–Jim-Rogers.jsp

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

Why are the dollar’s days numbered?

“The greenback faces serious devaluation as spiraling national debt and a worsening economic crisis undermine it’

“America’s growing debt problem is “out of control” and Federal Reserve Chief Ben Bernanke’s strategy of printing money is a “terrible policy,”

“Bernanke “does not understand economics, he does not understand markets … he is going to run those printing presses until we run out of trees”

The dollar is going to have “serious problems down the road,”

Why commodities?

“In the face of economic uncertainty, commodities will go through the roof. Over the next ten years, everyone in the world is going to be talking about commodities”

“Commodities will boom during times of economic stress, because demand will stay high even though there will be supply shortages,”

“When supply goes down and demand goes up, that’s a bull market”

“The only place I know where the fundamentals are unimpaired is commodities”

“Nearly every oil-producing country has declining reserves”

“Africa as being a key continent for oil exploration going forward. He also speculated that a commodities bull run could last until 2020.”

How long will the commodity bull market last?

“If you follow history, bull markets will last 18 to 20 years,” he said. “So I would expect the commodity bull market to end in 2020, but there are no guarantees.”

Africa!!!!

“”China has got the right idea and has spent the last ten years buying up Africa’s natural resources,” he said. “If there were more of me I would be over in Angola, Ethiopa, Botswana and Tanzania.”"

Thoughts on oil…

“Rogers was also positive that oil will hit the $100 mark again, “Maybe not over the next year,” he told Energy Risk. “But it will rebound over $100 over the remainder of the bull market,” he said.”

What about stocks?

“Stocks at best are going to continue in a big trading range”

Source: http://www.cnbc.com/id/27717135

Source: http://www.energyrisk.com/public/showPage.html?page=826427

Related posts:

1. Jim Rogers Bullish On Commodities, Not Stocks- Time Jim Rogers’ daughters may not have been born with silver...
2. Jim Rogers buys dollar, predicts $2000 gold by 2019 Jim Rogers buys dollar, predicts $2000 gold by 2019 Bulls...

Related posts brought to you by Yet Another Related Posts Plugin.

Jim Rogers reiterates that stocks are still expensive on a historical valuation basis in a conference in Seoul. Jim Rogers also believe stocks will be in a in a trading range “for years to come.”

Have we hit bottom….?

“I have started going back into the markets; that does not means it’s the bottom”

“We may be hitting ‘a’ bottom” Rogers said. “I don’t know if it’s `the’ bottom.”

What ahs he been buying since mid-October?

Commodities and equities in China and Taiwan, as well as “a Korea stock”

Rogers continues to like commodities over stocks as their fundamentals are “unimpaired”….

“You will see that stocks have gone down more so far than commodities. That will continue as far as I’m concerned.”

Source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXD.ktb8insw

Related posts:

1. Long Sugar, But Getting Short Bonds Source: Index Universe: Jim Rogers Interview: Long Sugar, But Getting...
2. Jim Rogers On Korea Singapore, China, Sri Lanka, etc.. are all Asian countries which...
3. Jim Rogers Interview With Wall St. Cheat Sheet Jim Rogers is one of the most respected investors in...

Related posts brought to you by Yet Another Related Posts Plugin.

Rogers also states the commodity bull market will go until 2018-2020. Jim Rogers soon says “At that point the bull market in commodities will be over,” says Rogers. “But not before then.” More highlights are available at CanadianBusiness.com

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.