Friday, November 15, 2013

Vulnerable Countries: Indonesia, Turkey & India

The ones that are most vulnerable are the ones that have to borrow money in order to finance their balance of trade deficits. Indonesia is an example which comes to mind here in Asia. India has got the same problem, Turkey has the problem. Anyone who is using borrowed money to finance trade deficits are the ones that are going to get hit first.

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).