Saturday, January 31, 2015

Central Bank of Russia is on the Right Track

I own some Russian stocks. To my astonishment, the main one I own is not even down in all this. I guess it’s because it’s – it sells in dollars. Its expenses are in rubles, and it sells in dollars. So that’s helping it, and that’s – Aeroflot (MCX:AFLT) is another one I own, which is also sort of benefiting these days.

But to answer your question, I don’t have a clue. I do know – I think we all know – that markets go up too far, and they go down too far. Once you start building their momentum, panic develops. People get more and more scared. Marching calls go out. So I have no idea.

As far as I’m concerned, the Central Bank in Russia has been doing the right thing. They said they were not going to intervene anymore. Yesterday, they intervened for the first time in a while. But I think it’s very smart – not intervening. Let it collapse. Let it find its own level. And then we’ll have a staggering rebound.

But who knows? It’s 52 right now. I guess, it’s 52 right now. You’re right. It changes every three minutes. Who knows? Why not 60? In Russia, they talk about 60 as some kind of catastrophic bottom. Who knows? I don’t anyway.


- Source, Investing.com

Wednesday, January 21, 2015

Russia’s 2015 economic outlook


 
CCTV America interviewed Jim Rogers, who runs Rogers Holdings, a investment firm, about the 2015 economic outlook.

Monday, January 12, 2015

Jim Rogers on Russia, China, and commodities


 

Erin sits down with famed investor Jim Rogers to talk about Russia, agriculture, and China. Rogers is bullish on agriculture and likes China. But he sees the Chinese purchase of the Waldorf-Astoria hotel as a top of the market kind of “trophy” acquisition. Jim also comments on whether a US equity bear market is on the horizon.

- Source, Russia Today




 

Thursday, January 8, 2015

Jim Rogers on ruble: Russian central bank doing it right


 
Russia's PM says emotions have been one of the main factors driving the rouble out of its comfort zone. It is now sliding a little after regaining some ground following Tuesday's shocking falls. Financial commentator Jim Rogers believes panic is a crucial factor driving the rouble down, but overall he's optimistic about Russia's plan to tackle the problem without strict capital control.

- Source, Russia Today

Monday, January 5, 2015

Expect global oil prices to fall further


 
Jim Rogers, chief executive of Rogers Holdings, says he is surprised by the sharp decline in global oil prices. With America's shale oil boom continuing to cause oversupply, the oil prices will continue to see a downside momentum, he adds.

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Friday, January 2, 2015

Jim Rogers Weighs in on Commodities Carnage

As global commodities prices plummet, it’s incredibly convenient to pronounce the commodities super-cycle dead, isn’t it?

Yet banks from Goldman Sachs to Citigroup to Deutsche Bank are on record as saying it’s over.

The Rogers Commodities Index, which represents the value of a basket of 36 commodity futures contracts, is down 20% since mid-June.

But does incredible opportunity lie among the carnage?

Well, I asked the Founder of the Index, celebrated hedge fund manager and bestselling author, Jim Rogers.

Jim was born just a stone’s throw away from Wall Street Daily’sheadquarters in Baltimore, Maryland, and I get smarter every time I speak to him.

- Source, Wall St Daily



 
 

Sunday, December 14, 2014

Jim Rogers Sees Opportunity With Liquid Investments

Jim Rogers, the co-founder of the Quantum Fund and long-term specialist in agricultural commodities, joined Liquid Investments as a Keynote Speaker and Chief Guest at their Plantation Tour and Primal Investing Summit 2014.

Joined by a selection of business leaders, academics and the Liquid team, Jim Rogers reaffirmed his passion for agricultural investments and explained how it will be the producers and providers of capital who will reap the rewards of rising demand for food and food-related products.

The world is consuming more than it is producing. And what we eat is costing more – the United Nations (UN) reported food prices have doubled in the last decade. The UN predicts that the world population will be somewhere between 9.6 billion and 12.3 billion by the end of the century. By 2100, there will be an estimated 5.3 billion extra mouths to feed.

“Supply and demand for agriculture is out of whack,” Jim Rogers said.

Brazil”, he noted, “has plenty of water, plenty of rich soil, it has got huge natural resources, so of course the country is going to continue to be a supplier of agricultural products and probably more in the future than now”.

Touring Liquid Investments’ Coconut and Neemplantations in Brazil, Mr. Rogers commended the owners for having the “foresight to see the great opportunity that agriculture presents."

- Source, PR Web


Thursday, December 11, 2014

We’re all going to pay a terrible price’ for central bank stimulus

Since the economic collapse a few years ago, the primary policy initiative for the Federal Reserve and central banks all over the world has been to print, reduce interest rates to near zero and provide cheap money to stock markets. It’s a recipe for disaster, says many contrarian investors and Fed critics, including Jim Rogers, chairman of Rogers Holdings and author of “Hot Commodities.”

Speaking in an interview with Reuters, Rogers warned that the astronomical amount of printing will lead to a lot of pain for everyone. He added that when the printing finally ceases then we will see the true results of the central banks’ monetary policy: destruction.

“The central banks have been printing staggering amounts of artificial liquidity. It’s going to come to an end. I don’t know if it’s coming to an end now. When it does end, we’re all going to pay a terrible price,” said Rogers.

Rogers went onto purport that the markets would eventually drop between 10 and 20 percent, leading the central banks to once again ramp up the printing press. This would allow the markets to experience a boost and produce another series of bubbles.

The United States dollar won’t have much long-term strength, says Rogers, who noted that he does own it because in times of turmoil investors seek out the greenback as a safe haven from all of the chaos. “It’s not actually a safe haven, but they think it is.”

Rogers has been lambasting the Fed, European Central Bank (ECB) and other central banks for a few years now. He has regularly criticized their actions because he, much like his comments here have depicted, understands this type of inflation and easing will generate vast unpleasantness, particularly for the U.S.

Fed Chair Janet Yellen is expected to finally take the punch bowl awayduring this week’s Federal Open Market Committee (FOMC) meeting. This year, the U.S. central bank has tapered its third round of quantitative easing, but some expect the Fed to introduce a fourth edition of QE because the markets have been staggering in recent weeks, likely due to the paucity of cheap money and monthly injections.


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