JIM ROGERS BLOG: 06/05/13

Jim Rogers: Yen downfall move dangerous

Jim Rogers on the Japanese yen policy: The [yen], which is one of the major currencies of the world, has collapsed 27 percent in no time. It’s a very, very dangerous move. I know the government is reporting that [the Yen’s] move is good, but I don’t trust governments. I don’t trust our government, their government, or anybody else. Their government is as good at lying as ours is. Everything japan imports from cotton, they import a lot of stuffs will go up. The Japanese will suffer but exports will do well, stockbrokers, currency traders will do better, rest of the world not so good.

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).

Jim Rogers still owns Japan stocks

[Abenomics] has made the stock market go up quite a lot, it's been dramatic, but it's made the currency collapse. I still own Japanese shares, I sold some last week, not all, but some. If [Japanese equities] drop down for some reason conceivably I would buy them back, but I don't know what would make them go down though because there's money printing everywhere. ... This is causing stock markets around the world to be very artificially inflated.

Jim Rogers may still buy US Dollar

I still own US dollar I don't want to own it. I own because its the least bad. Other people will put their money in the dollar when there's turmoil. Look at the Japanese trying to get out of the yen so they put their money in the dollar. They dont know what else to do with their money. In fact I may some more[dollar] before too much longer.

Crude Oil: Buying Extreme Weakness

"I suggest buying into crude if prices fall sharply." - in Economic Times

The Recovery Is Fragile

"The recovery, in my opinion, is fragile. Central banks in America and elsewhere have been printing and pumping in huge amount of money into the world, which is also flowing into other economies. This has never happened in the recorded history and unfortunately, I think all this will end very badly for investors." - in Business Standard

The Long-Term Bull Market In Commodities Is Not Over Yet

"I think the bull-run in commodities will continue and what we are seeing now is a long overdue correction. In all bull markets, there are corrections and it does not mean that it has come to an end. We have seen that in the equity bull markets. For example, between the years 1982 and 2000, a lot of people called a correction an end of the bull phase in equities. This is exactly what is happening to commodities right now. So, the long-term bull market in commodities is not over yet." - in Business Standard

There Is A Slowdown In The Chinese Economy

"There is a slowdown in the Chinese economy and naturally this is impacting the commodity prices as well. China has also unsuccessfully tried to burst the bubble in the real estate sector since the past few years. Going ahead, I think this bubble will also burst though it is difficult to put a time frame to it right now." - in Business Standard
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).

Wednesday, June 5, 2013