- Source
Monday, February 29, 2016
Wall Street Lies, Tax Insanity, & the Truth About China with Jim Rogers
Thursday, February 25, 2016
Monday, February 22, 2016
Friday, February 19, 2016
Tuesday, February 16, 2016
Friday, February 12, 2016
Gold Buying Opportunity Has Still Not Come
Looking east, Rogers says he is bullish on the Chinese economy despite recent weaker economic data and continued easing in the country. “I’m bullish on the Chinese markets. My largest stock positions are in Asia - China, Japan, Russia,” he says. “I see more real estate bankruptcies in China, there’s a lot of debt buildup in China. But at the moment, I’m still there and I even bought more last week.” Rogers also has a keen interest in the Russian stock market.
Tune in now to get his thoughts on the Federal Reserve and why he thinks they may not even raise interest rates this year.
- Source, Kitco News
Friday, February 5, 2016
'Be Worried' About Increasing Turmoil as US Dollar 'Is Not Sound'
International investor Jim Rogers warns investors that the United States is long overdue for a recession and that the dollar is far from sound.
"The U.S. is terribly over-indebted country with the largest debt in the history of the world," the chairman of Rogers Holdings recently told Bloomberg TV India.
"The U.S. dollar is not sound. But with a lot of turmoil coming, people think U.S. dollar is a safe haven. What I expect to happen is that turmoil will get worst and the dollar will go higher — it is already over-priced — and may turn into a bubble," he said.
"My plan is to then sell US dollar. What I will buy, I don’t know — gold or the Chineserenminbi ," he said.
Meanwhile, he expects economic growth to continue to stall around the globe.
"I expect nearly all economies around the world to slow down. In America, we have had nearly six or seven years without a correction in the economy or the markets. It is long overdue. Normally, we have corrections every four to seven years in the United States. So we are overdue," he said.
"The debt is going higher and higher. Many of our customers are slowing down — China is slowing down and Japan is in recession. Now, I certainly expect more slowdown to come worldwide," he said.
As for the Federal Reserve's recent interest-rate hike, Rogers is far from impressed. In fact, he thinks the tactics of the central bank are actually far more harmful to the U.S.economy than being of nay help.
"The Fed is just made up of bureaucrats and academics. They don’t know very much," he said. "The first interest rise from the Fed doesn’t mean very much. The third one is where you have to start worrying. If the Fed raises rates three or four times, then it is usually all over for the stock market. So just keep watching, be worried and be prepared," he said.
Rogers went on to explain his own investment strategy.
"I have hedged my gold and silver holdings. I expect gold to go under $1,000 an ounce. What does that mean for silver — $12 or $10 an ounce — I haven’t figured it out. But certainly under a $1,000 for gold at which point I hope I am smart enough to take my hedges off and buy a lot of gold — whether its $950 or $900, I don’t know," he said.
- Source, NewsMax
"The U.S. is terribly over-indebted country with the largest debt in the history of the world," the chairman of Rogers Holdings recently told Bloomberg TV India.
"The U.S. dollar is not sound. But with a lot of turmoil coming, people think U.S. dollar is a safe haven. What I expect to happen is that turmoil will get worst and the dollar will go higher — it is already over-priced — and may turn into a bubble," he said.
"My plan is to then sell US dollar. What I will buy, I don’t know — gold or the Chinese
Meanwhile, he expects economic growth to continue to stall around the globe.
"I expect nearly all economies around the world to slow down. In America, we have had nearly six or seven years without a correction in the economy or the markets. It is long overdue. Normally, we have corrections every four to seven years in the United States. So we are overdue," he said.
"The debt is going higher and higher. Many of our customers are slowing down — China is slowing down and Japan is in recession. Now, I certainly expect more slowdown to come worldwide," he said.
As for the Federal Reserve's recent interest-rate hike, Rogers is far from impressed. In fact, he thinks the tactics of the central bank are actually far more harmful to the U.S.
"The Fed is just made up of bureaucrats and academics. They don’t know very much," he said. "The first interest rise from the Fed doesn’t mean very much. The third one is where you have to start worrying. If the Fed raises rates three or four times, then it is usually all over for the stock market. So just keep watching, be worried and be prepared," he said.
Rogers went on to explain his own investment strategy.
"I have hedged my gold and silver holdings. I expect gold to go under $1,000 an ounce. What does that mean for silver — $12 or $10 an ounce — I haven’t figured it out. But certainly under a $1,000 for gold at which point I hope I am smart enough to take my hedges off and buy a lot of gold — whether its $950 or $900, I don’t know," he said.
- Source, NewsMax
Monday, February 1, 2016
This Could Ignite a U.S. Dollar Collapse
If you think that the U.S. dollar is a safe haven, think again. Despite the strength in the U.S. dollar exchange rate to many major currencies these days, billionaire investor Jim Rogers thinks otherwise.
Jim Rogers: U.S. Dollar Is Not Sound
Jim Rogers, chairman of Rogers Holdings, recently spoke with Bloomberg TV India and expressed his concerns about the U.S. dollar: “The U.S. dollar is not sound. But with a lot of turmoil coming, people think U.S. dollar is a safe haven. What I expect to happen is that turmoil will get worst and the dollar will go higher—it is already over-priced—and may turn into a bubble.” (Source: “‘Third Fed Rate Hike is Where You Have to Start Worrying’,” Bloomberg TV India, last accessed December 24, 2015.)
Rogers
Jim Rogers also talked about the Fed rate hike. On December 16, the U.S. Federal Reserve raised its benchmark interest rate by 25 basis points, marking the first interest rate increase since the financial crisis. However, Jim Rogers is not impressed. He said that “the Fed is just made up of bureaucrats and academics” and that “they don’t know very much.” He mentioned that market interest rates were already going up and Fed’s first rate hike “doesn’t mean very much.”
Jim Rogers: Third Fed Rate Hike Is the Time to Start Worrying
The Fed is expected to increase interest rates a few more times in 2016. To that Rogers said: “The third one is where you have to start worrying. If the Fed raises rates three or four times, then it is usually all over for the stock market. So just keep watching, be worried and be prepared.”
With the world economy at risk of a slowdown and commodity prices tanking, Jim Rogers sees potential in precious metals. He said that he has hedged his positions in gold and silver because their prices could drop further. However, once gold drops below $1,000, the billionaire investor would take his hedges off and “buy a lot of gold.”
- Source, Profit Confidental
Wednesday, January 27, 2016
‘Be prepared, oil prices may hit rock bottom’
We are now paying for the excesses of the past and everything is going to go down more than it should, says Jim Rogers, US investor and author. Meanwhile, China may play a key role in the showdown between Saudi Arabia and Iran, he added.
This week, crude fell to its lowest level in more than 11 years, while Iranian outrage over Saudi Arabia’s execution of a prominent Shiite cleric spells doom for any possible production cap deal that would have reversed the negative trend in oil prices.
Global Brent crude benchmarks hit $34.93 a barrel on Wednesday, down 1.5 percent from the day before and the lowest since 2004.
Businessman Jim Rogers sees the steep downward trend in oil prices as reflective of severe financial problems in the global economy that began almost a decade ago with the US financial crisis.
“We’re going to pay for the prices of the excesses of the past 8 or 10 years and everything is going to go down more than it should. Whenever you have something go down, it usually overshoots to the down side; just like when things go up they go up too much,” Rogers told RT.
How low can oil prices go?
The American investor warned that any panic in the market could drive oil prices down to new low records.
“Some people are saying 20 dollars [a barrel]; I don’t know; that’s not my prediction. I’m just saying ‘be prepared’ if things will go – at least for a short time – lower than anybody could conceive.”
Without providing any definite time frame, Rogers said oil prices will go “much, much higher sometime later, especially in the event of war, in which case they would go up very high – soon.”
The outbreak of war notwithstanding, oil prices can be expected to jump in the future because, as Rogers explains it,“drilling is drying up.” It's simply becoming too expensive as oil prices plummet for many companies to stay in business.
“They are definitely going to go up in the next few years because supply is going to dry up. Drilling is drying up; everything is drying up, and so you’re going to have much higher oil prices in the future.”
The Chinese connection
Rogers went on to explain that China – which depends on oil to keep the wheels of its massive economy churning out exports - is watching the developments between Saudi Arabia and Iran with great interest.
“If Iran and Saudi Arabia start a war, that’s going to be very bad for everybody and China needs a lot of oil. So of course China has a connection and wants to do something about it to keep things calm so they can continue to get oil.”
Although low oil prices may be a boon for some countries, like China and Germany, it’s bad for oil-producers, like Venezuela, Russia and Saudi Arabia. However, since China remains largely neutral in the ongoing skirmishes that are continuing to rock the Middle East, it may hold the key to resolving many of the region’s most trenchant problems.
“China certainly does not want a war to erupt between Iran and Saudi Arabia, and China is seen as much more neutral than anybody else. America is not neutral; the Europeans are not seen as neutral…”
If anybody can calm things down it’s probably China,” Rogers concluded.
This week, crude fell to its lowest level in more than 11 years, while Iranian outrage over Saudi Arabia’s execution of a prominent Shiite cleric spells doom for any possible production cap deal that would have reversed the negative trend in oil prices.
Global Brent crude benchmarks hit $34.93 a barrel on Wednesday, down 1.5 percent from the day before and the lowest since 2004.
Businessman Jim Rogers sees the steep downward trend in oil prices as reflective of severe financial problems in the global economy that began almost a decade ago with the US financial crisis.
“We’re going to pay for the prices of the excesses of the past 8 or 10 years and everything is going to go down more than it should. Whenever you have something go down, it usually overshoots to the down side; just like when things go up they go up too much,” Rogers told RT.
How low can oil prices go?
The American investor warned that any panic in the market could drive oil prices down to new low records.
“Some people are saying 20 dollars [a barrel]; I don’t know; that’s not my prediction. I’m just saying ‘be prepared’ if things will go – at least for a short time – lower than anybody could conceive.”
Without providing any definite time frame, Rogers said oil prices will go “much, much higher sometime later, especially in the event of war, in which case they would go up very high – soon.”
The outbreak of war notwithstanding, oil prices can be expected to jump in the future because, as Rogers explains it,“drilling is drying up.” It's simply becoming too expensive as oil prices plummet for many companies to stay in business.
“They are definitely going to go up in the next few years because supply is going to dry up. Drilling is drying up; everything is drying up, and so you’re going to have much higher oil prices in the future.”
The Chinese connection
Rogers went on to explain that China – which depends on oil to keep the wheels of its massive economy churning out exports - is watching the developments between Saudi Arabia and Iran with great interest.
“If Iran and Saudi Arabia start a war, that’s going to be very bad for everybody and China needs a lot of oil. So of course China has a connection and wants to do something about it to keep things calm so they can continue to get oil.”
Although low oil prices may be a boon for some countries, like China and Germany, it’s bad for oil-producers, like Venezuela, Russia and Saudi Arabia. However, since China remains largely neutral in the ongoing skirmishes that are continuing to rock the Middle East, it may hold the key to resolving many of the region’s most trenchant problems.
“China certainly does not want a war to erupt between Iran and Saudi Arabia, and China is seen as much more neutral than anybody else. America is not neutral; the Europeans are not seen as neutral…”
If anybody can calm things down it’s probably China,” Rogers concluded.
- Source, Russia Today
Sunday, January 24, 2016
Jim Rogers: Bullish on Russia, China
Tuesday, January 19, 2016
Friday, January 15, 2016
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