Fund Managers can become farmers-Jim Rogers
Jim Rogers was recently interviewed by The Economic Times. Among the topics covered include the recent rally in stocks, the widening deficit and his recent comments on Sri Lanka. In this interview, Jim Rogers touches on a couple of commodities that he believes will do well in this economy. As investors push oil and gold, Jim Rogers is looking at other commodities such as Silver, Cotton and Natural Gas.
You recently said that you would invest in China and Sri Lanka but not in India. Arent you betting on the new government in India?
I was trying to make a point that if anyone wants to invest in this particular part of the world, the best place would be Sri Lanka. Because it looks like the 30-year war is coming to an end.
Throughout history, if you go to a place after the war ends you usually find everything as very cheap, everyone is demoralised, people are just depressed and there are enormous opportunities if you have energy.
In my view, investing in Sri Lanka in May 2009 is probably a better bet than Pakistan, Bangladesh, India or some of the other countries nearby. Lets hope the new Indian government does something. I have heard wonderful things from Indian politicians for 40 years.
If US unemployment touches the 10%-mark, it would further impact retail sales. How bad could this be for Asia?
In the 1930s, we had a huge stock market bubble which popped. And then politicians started making many mistakes. They became protectionist. They made solvent banks take over insolvent banks and then both banks failed in the end.
They are doing many of the same mistakes now. Whats different this time is that we are printing huge amounts of money which they did not print at that time. So, we are going to have inflation this time.
In the 1930s, we had a huge stock market bubble which popped. And then politicians started making many mistakes. They became protectionist. They made solvent banks take over insolvent banks and then both banks failed in the end.
They are doing many of the same mistakes now. Whats different this time is that we are printing huge amounts of money which they did not print at that time. So, we are going to have inflation this time.
Stocks are rising even as fiscal deficit is widening. Somewhere it has to snap
Its going to snap. Later this year, next year, we are going to have currency problems, maybe even a currency crisis. I dont know with which currency " maybe with the pound sterling, maybe with the US dollar, who knows. It maybe with something none of us have at the moment. When you have a currency crisis, stocks will be affected, many things will be affected. It is not sound, whats happening out there in the world.
I was trying to make a point that if anyone wants to invest in this particular part of the world, the best place would be Sri Lanka. Because it looks like the 30-year war is coming to an end.
Throughout history, if you go to a place after the war ends you usually find everything as very cheap, everyone is demoralised, people are just depressed and there are enormous opportunities if you have energy.
What do you do? No politically-elected government can afford so much pain, unemployment and hardships
America could have. America just had an election. The guy was elected in November and he could have come in the beginning of a four-year term and said the guys before me were hopeless idiots. They ruined things. We have to solve this problem. We have to take some pains now. But dont worry, we will get through this pain, and in two to three years or four years, things would be fine. And he could have been re-elected.
In my view, investing in Sri Lanka in May 2009 is probably a better bet than Pakistan, Bangladesh, India or some of the other countries nearby. Lets hope the new Indian government does something. I have heard wonderful things from Indian politicians for 40 years.
And rarely do they produce. Its not the first time that the Congress party has been in the power. If they mean it, Indias going to be one of the greatest development stories in the next 20 years. But I dont know if they mean it. - 23200
You recently said that you would invest in China and Sri Lanka but not in India. Arent you betting on the new government in India?
I was trying to make a point that if anyone wants to invest in this particular part of the world, the best place would be Sri Lanka. Because it looks like the 30-year war is coming to an end.
Throughout history, if you go to a place after the war ends you usually find everything as very cheap, everyone is demoralised, people are just depressed and there are enormous opportunities if you have energy.
In my view, investing in Sri Lanka in May 2009 is probably a better bet than Pakistan, Bangladesh, India or some of the other countries nearby. Lets hope the new Indian government does something. I have heard wonderful things from Indian politicians for 40 years.
If US unemployment touches the 10%-mark, it would further impact retail sales. How bad could this be for Asia?
In the 1930s, we had a huge stock market bubble which popped. And then politicians started making many mistakes. They became protectionist. They made solvent banks take over insolvent banks and then both banks failed in the end.
They are doing many of the same mistakes now. Whats different this time is that we are printing huge amounts of money which they did not print at that time. So, we are going to have inflation this time.
In the 1930s, we had a huge stock market bubble which popped. And then politicians started making many mistakes. They became protectionist. They made solvent banks take over insolvent banks and then both banks failed in the end.
They are doing many of the same mistakes now. Whats different this time is that we are printing huge amounts of money which they did not print at that time. So, we are going to have inflation this time.
Stocks are rising even as fiscal deficit is widening. Somewhere it has to snap
Its going to snap. Later this year, next year, we are going to have currency problems, maybe even a currency crisis. I dont know with which currency " maybe with the pound sterling, maybe with the US dollar, who knows. It maybe with something none of us have at the moment. When you have a currency crisis, stocks will be affected, many things will be affected. It is not sound, whats happening out there in the world.
I was trying to make a point that if anyone wants to invest in this particular part of the world, the best place would be Sri Lanka. Because it looks like the 30-year war is coming to an end.
Throughout history, if you go to a place after the war ends you usually find everything as very cheap, everyone is demoralised, people are just depressed and there are enormous opportunities if you have energy.
What do you do? No politically-elected government can afford so much pain, unemployment and hardships
America could have. America just had an election. The guy was elected in November and he could have come in the beginning of a four-year term and said the guys before me were hopeless idiots. They ruined things. We have to solve this problem. We have to take some pains now. But dont worry, we will get through this pain, and in two to three years or four years, things would be fine. And he could have been re-elected.
In my view, investing in Sri Lanka in May 2009 is probably a better bet than Pakistan, Bangladesh, India or some of the other countries nearby. Lets hope the new Indian government does something. I have heard wonderful things from Indian politicians for 40 years.
And rarely do they produce. Its not the first time that the Congress party has been in the power. If they mean it, Indias going to be one of the greatest development stories in the next 20 years. But I dont know if they mean it. - 23200
About the Author:
All Things Jim Rogers is a Jim Rogers Blog dedicated to tracking the latest Jim Rogers videos and interviews for the general public to enjoy.
posted by X - Men @ 2:32 AM
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