Jim Rogers 01 (May 08 - May 10)

[-dol-]

Jimmy is in a league of his own.

I was given to understand that he held his China holdings through thick and thin - went through all that boom-bust-boom-bust... sequence - eventually to the moon?

A super long-term China bull, indeed.

[winston]

Rogers: China Will Keep Dumping U.S. Treasuries By: Ellen Chang

China will continue to sell U.S. Treasuries in the future, says Jim Rogers, co-founder of the Quantum Fund.

China will unload more debt as the “euro scare” continues, he said.

The government reported that appetite for Treasuries declined by the largest amount in December as China reduced its allocation by $34.2 billion to $755.4 billion. Japan made a similar move and lowered its amount by $11.5 billion to $768.8 billion.

“I am surprised China has not dropped more,” Rogers told CNBC.

The United States should be concerned about this change in investments, he said.

“The U.S. should be worried about everyone lightening up – not just China,” Rogers said.

Lawrence Summers, director of the White House National Economic Council, said the paring back is not a concern, CNBC reported.

"The truth is that these numbers fluctuate and that there's a wide range of holders of Treasury debt. ... What's been very clear from the market responses over the last two years is that the United States is seen as a major source of quality and a place people run to when they're uncertain," he said.

Other analysts said the amount of U.S. government debt held by the Chinese is likely to be a larger amount since they also buy anonymously via banks in Switzerland, Britain and other countries, the Associated Press reported.

"We do not believe that the Chinese are dumping Treasuries. What they are doing is diversifying the channels through which they make these purchases so that it is much more difficult for the market to ascertain what they are doing,” said Arthur Kroeber, managing director of GaveKal Dragonomics, a Beijing research firm.
© Moneynews. All rights reserved.

http://moneynews.com/StreetTalk/Jim-Rog ... /id/350876

[winston]

Rogers: Food Shortage Coming as Farmers Struggle By: Dan Weil

Legendary investor Jim Rogers remains bullish on commodities and says the world will soon face food shortages.

"The fundamentals (for agriculture) have gotten better," he says.

"The inventories are now at the lowest they've been in decades, not in years.”

And that trend is just intensifying, Rogers tells CNBC.

“Things are getting worse. Many farmers can’t get loans to buy fertilizer now, even though we have big shortages developing."

And what will be the end result of this dynamic?

"Sometime in the next few years we're going to have very serious shortages of food everywhere in the world, and prices are going to go through the roof," Rogers said.

Agriculture is his favorite sector in the commodity space, but Rogers likes other commodities as well.

Take oil, for example.

“Over the next decade or so, oil is going to go much higher, because known reserves of oil are declining at a very rapid rate,” Rogers said.

He also favors gold for the long term, saying that if it drops $200 an ounce, he’ll buy more.

But if you’re looking for precious metals to acquire now, Rogers recommends silver or palladium, because they haven’t soared as high as gold.

Many experts share Rogers’ bullishness on commodities.

Goldman Sachs, for example, sees the S&P GSCI Enhanced Total Return Index appreciating 17.5 percent this year.

“Demand is growing on a global basis,” Peter Sorrentino, a money manager at Huntington Asset Advisors, told Bloomberg.

http://moneynews.com/StreetTalk/jim-rog ... /id/346650

[winston]

Jim Rogers: Let Greece Fail, It’d Be Good for the Euro

I love this guy. In the clip below, he dishes out his patently-straightforward analysis of the Greek debt problem. He demands accountability from the Greeks (and anybody else asking for a bailout), and dismisses concerns that sovereign CDS traders are the problem – “Were they the ones who increased deficits to 12% of GDP?”

Other talking points:
* Will China let their currency float?
* U.S. equities are “overdue” for a correction
* He’s been long the dollar for 5-6 months and it’s still working.

http://www.bearishnews.com/post/3144

[winston]

Another recession coming, says Jim Rogers

“We’re going to have another recession, I guarantee you …

By 2012 say, it’s time for another recession,” Jim Rogers, chairman of Rogers Holdings, told CNBC.

“The next time it’s going to be worse because we’ve shot all of our bullets,” he added.


Source: CNBC

[millionairemind]

Another recession coming, says Jim Rogers

“We’re going to have another recession, I guarantee you …

By 2012 say, it’s time for another recession,” Jim Rogers, chairman of Rogers Holdings, told CNBC.

“The next time it’s going to be worse because we’ve shot all of our bullets,” he added.


Source: CNBC

So we got 2010 and 2011 to play with.. yippee....

[iam802]

2 years for the upside..and then be ready to ride the downside.

For the prepared, it is opportunity.

But, the idea of recession is still a scary thing.

[-dol-]

But some say that we are living in dangerous times and it is only safe to think about investments come 2012...

[winston]

Rogers: The Euro Is Headed for Extinction By: Dan Weil

The European debt crisis sounds the beginning of the death knell for the euro, says investment icon Jim Rogers.

"The euro will probably break up in the next 15 to 20 years," he says. "We've had currency unions in history. They didn't survive, and this one won't survive either," he recently told told CNBC.

Greece suffers from a budget deficit that totals 12.7 percent of GDP, and public debt that is forecast to exceed 120 percent of GDP this year. So the European Union has pledged assistance.

"If (the euro zone helps) the Greeks, that weakens the fundamentals of the euro," Rogers said.

"As the next government comes to demand concessions, they weaken the currency from within. I would let Greece go bankrupt, because then everybody will say the euro is a serious currency."

The British pound is in trouble too, though it’s not in danger of disappearing like the euro, Rogers says. The United Kingdom’s main problems are “gigantic debt and a huge trade deficit," he explained.

Indeed, the entire developed world has currencies that are in danger of falling, Rogers says.

"Most Western currencies, most currencies everywhere are very suspect."

Rogers also sees Chinese real estate and U.S. Treasuries as the two bubbles brewing for global investors now.

Others are concerned about the euro too.

Harvard economist Martin Feldstein says Greece is in a real pickle. “The alternatives are to default in some way or to leave (the euro), or both,” he told Bloomberg.

http://moneynews.com/StreetTalk/Jim-Rog ... /id/353445

[winston]

Rogers: Now Is the Time to Buy Silver, Natural Gas By: Dan Weil

Irresponsible fiscal and monetary policies worldwide make currencies a bad investment and commodities a good one, says investment icon Jim Rogers.

"All governments around the world are debasing their currencies," he says. "There may come a time when we all have to have all of our money in real assets."

While Rogers owns gold himself, he notes that the precious metal has soared since the beginning of 2009 — to the tune of 26 percent. "Anything that goes up that far, that fast should consolidate and rest," he told CNBC.

"I like to buy what's cheapest. Silver is cheaper than gold, on a historical basis; natural gas is cheaper than oil."

With speculators rushing into oil and gold, now’s a good time for investors to stay on the sidelines, Rogers says.

As for the currency market, Rogers anticipates the Chinese currency, known as the yuan or renminbi, will soar in coming years along with China’s economic strength.

"I expect the renminbi to double, triple, quadruple over the next few decades," he said.

"Just as the Japanese yen . . . went up 400 percent over the past few decades against the dollar, the renminbi will too."

The short term trend for the currency is less certain. Chinese officials appear to be in conflict over whether to let the renminbi appreciate.

The central bank appeared to recently signal that the currency would soon rise. But other officials said afterward that China won’t be bossed around by the United States.

http://moneynews.com/StreetTalk/Jim-Rog ... /id/354507