Saturday, August 31, 2013

Emerging Economies Face Rough Waters Ahead

“Of course they [emerging markets] face rough waters ahead. You know, India and Indonesia – Turkey too, which is part of Asia – all of them have huge balance of trade deficits, which they’ve been able to finance with all of this artificial free money that’s been floating around. Now, the artificial sea of liquidity is going to end some day and when it ends, all the people depending on this free money and this sea of liquidity are going to suffer. Whether it’s this week or this year or next year, they’re all going to suffer.” - in ETF Daily News

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).