JIM ROGERS BLOG: 09/06/13

India is in a bear market

The rupee is down nearly 50% in the last three years. Stock markets are down only 12% to 15% from their peak in rupee terms. Thus, in dollar terms, India is in a bear market as it has fallen nearly 60%. But I don't think the Indian stock markets will fall to that extent in rupee terms.

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).

Asset purchase program has been a complete disaster.

I think capital flows have moved out of emerging economies because the US equity markets have started performing well over the last one year. Investors must realize that the yield on US 10-year treasury notes bottomed in July 2012 at 1.43%, and after that it moved to 2.88%. In my view, the asset purchase program of the Fed has been a complete disaster.

There are some very good companies in India

I have very substantial positioning in India. There are some very good companies in India, though the macro economic conditions are not very favourable. A very desirable and attractive sector is the consumption sector. The largest weight of India Capital Fund is in banks and financials, as they are very cheap and inexpensive; however, they are likely to remain inexpensive for quite some time.

Jim Rogers predicts the Collapse of the U.S. Dollar by 2020

Jim Rogers Interview : Dollar to Soar, Then Fail .On Aug. 1 internationally famous investor Jim Rogers was interviewed on local Lansing, Mich., radio station 1320 WILS AM .When asked about currencies, Rogers predicted that the U.S. dollar will fail before the end of this decade. The reasons for his prediction included the massive inflation of the money supply, masked by calling it quantitative easing, and the huge overspending by the U.S. government

Indian Farmers cannot compete with Canada or Australia

What the hell—can a farmer with just five hectares compete with someone in Australia or Canada? Even if you put together the land in all your family, it is still not possible to compete. Much as I love India, I am not a fan of its government.

Silver has been money more than gold historically

Everybody has their own view. Mine is that gold is not money until you can go into a shop and get someone to accept it as money. Gold, certainly in recent decades, is nothing more than a commodity. Yes at times it has been money in the past, but so has silver, so have seashells, so have cattle. A lot of things have been used as money. Silver has been money more than gold historically, and throughout the world there is a lot more silver around.

Market Timing & Short-Term Trading

"I am not very good at market timing or short term trading." - in Economic Times

Friday, September 6, 2013