Friday, October 15, 2021
Wednesday, September 29, 2021
The Principal Points of Markets & Life with Jim Rogers
- Source, The Wall St Coach
Saturday, September 25, 2021
Wednesday, September 22, 2021
Jim Rogers: Crisis & Opportunity Are the Same Thing
Jim Rogers is his name & we actually had him on the show a few years ago & are fortunate enough to get him back for another episode.
If you don’t know who Jim is I suggest you Google him right now & you will start to see why I am so excited to chat with him again.
Jim is one of the most seasoned international investors on the planet & I’ll give you a brief outline to give you an idea about his expertise.
- Source, Chris Reynolds
Friday, September 17, 2021
Deepening opening-up gives Chinese market better prospects: Jim Rogers
In the rapidly changing financial market, perhaps only one thing is certain - differences of opinion. Every day there are people buying and some others selling no matter what the market is. Last week, a split erupted between some of the world's most prominent investors on the Chinese market, I don't know who will be proved right in the end, but I am optimistic about China's prospects.
For starters, judging from current situation within the international financial market, excessive debt is forming risks worse than the brutal COVID-19 pandemic, but China has shown more restraint, making Chinese financial assets less dangerous for investing.
Taking a lead from the US Federal Reserve, many central banks in the world have been printing huge amounts of money to stimulate their debt-laden economies, which at the same time blows up bubbles in stock, property, and bond markets. Throughout history, excessive debt always leads to problems eventually. In 2008, we had a problem in the equity markets because of too much debt, but the debt level of the world is much higher now than it was then.
In 2009, China helped save the world economy more than any other country because it had a lot of money saved for a rainy day. As the US has become the largest debtor nation in the history of the world, China, which has been taking more prudent monetary policies and managed economic recovery less badly after put the epidemic under control, for me is a less bad place to invest right now.
Second, China's more than four decades opening-up is great for both China's and the global economy. As a foreign investor participating in the Chinese market for decades, an impressive thing I witnessed is that China has been opening its stock market. As China continues expanding opening-up especially for its financial sector, it is getting increasingly easier for international investors to invest in the market. For foreign investors who are interested, now there are a variety of options from shares through Hong Kong and its stock market to Chinese bonds and Chinese currencies.
Now the US has started to close off. It's a worrying trend because opening markets and opening societies have always been good throughout history. Closing off trade has never been good so let's hope China does not follow the US and continues opening. The more open the world is to international trade, including chips trade, the better off for all economies. The US in its history has copied many things from Europe and Japan.
American companies are not doing as well as many expected in sectors like 5G. The US is using politics to help to solve an economic problem, which is not the way the world is supposed to work. Can China outperform the US in technology competition? Maybe not today, but China trains thousands of engineers every year, many more than the US does. China is going to continue to make great strides and make great progress. The US will have problems competing in some areas, just like China will have some problems competing in some areas, but open markets will be better for the world.
Third, I've seen enormous positive changes in China and I expect to see more. Recently, there are different opinions on China's regulatory moves in its tech and other sectors in the West. But I agree with some of the things China had done. For instance, about 10 years ago, many companies in China were opening up internet loans that were not being checked. There were so many companies selling unregulated credit over the internet. I'm glad China has tightened regulation on the sector. It was a disaster waiting to happen. There still may be problems to come so I hope the controls work.
For starters, judging from current situation within the international financial market, excessive debt is forming risks worse than the brutal COVID-19 pandemic, but China has shown more restraint, making Chinese financial assets less dangerous for investing.
Taking a lead from the US Federal Reserve, many central banks in the world have been printing huge amounts of money to stimulate their debt-laden economies, which at the same time blows up bubbles in stock, property, and bond markets. Throughout history, excessive debt always leads to problems eventually. In 2008, we had a problem in the equity markets because of too much debt, but the debt level of the world is much higher now than it was then.
In 2009, China helped save the world economy more than any other country because it had a lot of money saved for a rainy day. As the US has become the largest debtor nation in the history of the world, China, which has been taking more prudent monetary policies and managed economic recovery less badly after put the epidemic under control, for me is a less bad place to invest right now.
Second, China's more than four decades opening-up is great for both China's and the global economy. As a foreign investor participating in the Chinese market for decades, an impressive thing I witnessed is that China has been opening its stock market. As China continues expanding opening-up especially for its financial sector, it is getting increasingly easier for international investors to invest in the market. For foreign investors who are interested, now there are a variety of options from shares through Hong Kong and its stock market to Chinese bonds and Chinese currencies.
Now the US has started to close off. It's a worrying trend because opening markets and opening societies have always been good throughout history. Closing off trade has never been good so let's hope China does not follow the US and continues opening. The more open the world is to international trade, including chips trade, the better off for all economies. The US in its history has copied many things from Europe and Japan.
American companies are not doing as well as many expected in sectors like 5G. The US is using politics to help to solve an economic problem, which is not the way the world is supposed to work. Can China outperform the US in technology competition? Maybe not today, but China trains thousands of engineers every year, many more than the US does. China is going to continue to make great strides and make great progress. The US will have problems competing in some areas, just like China will have some problems competing in some areas, but open markets will be better for the world.
Third, I've seen enormous positive changes in China and I expect to see more. Recently, there are different opinions on China's regulatory moves in its tech and other sectors in the West. But I agree with some of the things China had done. For instance, about 10 years ago, many companies in China were opening up internet loans that were not being checked. There were so many companies selling unregulated credit over the internet. I'm glad China has tightened regulation on the sector. It was a disaster waiting to happen. There still may be problems to come so I hope the controls work.
- Source, Global Times, read the full article here
Sunday, September 5, 2021
Wednesday, September 1, 2021
Jim Rogers sees threat of horrible bear market in 2022
- Source, The Economic Times
Friday, August 27, 2021
Jim Rogers warns of bubble by end of '21 as debt more than in 2008
Bonds are in a bubble everywhere. Many stocks have started to form a bubble. Property in Korea, New Zealand and many places are in a bubble. But commodities are still cheap, says Jim Rogers, investment guru and author of Street Smarts: Adventures on the Road in the Market.
The big talking point this morning is that some of the US companies are getting a little bit cautious and the US seems to be preparing for the delta variant. Amazon has already pushed back their work-from-home timeline. But the markets seem to be completely shrugging off any threat from the third wave or the Delta variant?
As you know, markets everywhere have been going through the roof. It has been unprecedented because we have had so much money printing by central banks all over the world. I am not good at market timing but I am sure it is going to come to an end some time in the next few months. This has never happened before.
Unlike equities, commodities are getting a little bit more sensitive on the news flow around Covid. We have seen a bit of a knee-jerk reaction in crude overnight. It could have a domino effect on raw material prices, inflation and thereby earnings of corporates?
Well the cheapest asset class in the world at the moment happens to be commodities. Bonds are in a bubble everywhere. Many stocks have started to form a bubble. Property in Korea, New Zealand and many places are in a bubble. But commodities are still cheap. Silver is down 50% from it's all-time high.
Oil is down over 50%. I do not know whether oil is going to go up and down this week. The known reserves of oil continue to decline. The fracking bubble has popped and so I would suspect we are going to see strength in oil in the next few months. Not every day, not every week but oil is down a lot from it's all-time high...
The big talking point this morning is that some of the US companies are getting a little bit cautious and the US seems to be preparing for the delta variant. Amazon has already pushed back their work-from-home timeline. But the markets seem to be completely shrugging off any threat from the third wave or the Delta variant?
As you know, markets everywhere have been going through the roof. It has been unprecedented because we have had so much money printing by central banks all over the world. I am not good at market timing but I am sure it is going to come to an end some time in the next few months. This has never happened before.
Unlike equities, commodities are getting a little bit more sensitive on the news flow around Covid. We have seen a bit of a knee-jerk reaction in crude overnight. It could have a domino effect on raw material prices, inflation and thereby earnings of corporates?
Well the cheapest asset class in the world at the moment happens to be commodities. Bonds are in a bubble everywhere. Many stocks have started to form a bubble. Property in Korea, New Zealand and many places are in a bubble. But commodities are still cheap. Silver is down 50% from it's all-time high.
Oil is down over 50%. I do not know whether oil is going to go up and down this week. The known reserves of oil continue to decline. The fracking bubble has popped and so I would suspect we are going to see strength in oil in the next few months. Not every day, not every week but oil is down a lot from it's all-time high...
- Source, Economic Times, read more here
Sunday, August 8, 2021
Tuesday, August 3, 2021
Thursday, July 29, 2021
Friday, July 16, 2021
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