Saturday, May 7, 2011

the world is going deeper into debt

Jim Rogers : it's getting worse ( the current state of the economy) it looks like it is getting better many governments are spending a lot of money and printing a lot of money and the people who receive that money are better off obviously but the overall situation is getting worse the world is going deeper into debt and we are building up more problems the next time that there is an economic slow down things are going to be much worse than they were last time , to me it's inconceivable that you can solve a problem of too much debt and too much consumption with more debt and more consumption and yet that's what the politicians are trying to do , "


ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

JIM ROGERS BLOG