All Things Jim Rogers

Via: Bloomberg Jim Rogers told Bloomberg that the U.S. risks sending the world into a depression as its bailouts of failed companies rob healthy businesses of capital. “The U.S. is taking assets from competent people and giving them to incompetent people,” said Roger “That’s bad economics.”

Jim Rogers continue to invest in Chinese water treatment companies and Chinese agriculture companies as those companies will continue to prosper despite the financial crisis around the world. “All your viewers who got MBA’s made a terrible mistake, the should try to go down and exchange them for farming degrees or mining degrees”

Via: Bloomberg Jim Rogers told Bloomberg the Federal Reserve will probably start buying Treasuries to keep borrowing costs down, postponing a rout in U.S. government debt. Fed Chairman Ben S. Bernanke said March 7 the central bank will use “all the tools” available to revive economic growth, indicating the central bank is closer to buying, [...]

Via: Bloomberg Jim Rogers told Bloomberg that China’s stimulus spending will help its economy overcome the global recession sooner than the U.S. and other countries. Jim Rogers also added that China’s reserves allow the government to spend on projects that will make the nation more efficient and competitive as the global economy recovers.

Via: Bloomberg Asia -China cannot pull the world economy “out of the hole” through its stimulus spending alone and the global recession is not going to end anytime soon Jim rogers told Bloomberg Asia.