Jim Rogers 02 (Jun 10 - Dec 26)

[winston]

Jim Rogers: "The US Has Already Lost Its AAA Status...I Am Short The US Bond Market As We Speak"
by Tyler Durden

While there is nothing new in the just released Jim Rogers interview with the WSJ, it is always refreshing to hear him tell the truth, which is, of course that "the US has already lost its AAA status. Who cares what Moody's say."

As for the response: "The market looks ahead: this is not the first time that the market has dealt with the fact that the US is bankrupt."

As for his proclivity to buy long term US debt: "I wouldn't lend money to the US in US dollars for 30 years at 3%, or 4%, or 5% or you name the interest rate....

I shorted it June 10. I am short the US bond market as we speak."

http://www.zerohedge.com/news/jim-roger ... t-we-speak

[iam802]

Yes,....short more. I need Jimmy to help me break this.

[winston]

Jim Rogers: ‘Prepare for a Lost Decade or More

Investor and author Jim Rogers gives his analysis on the US debt ceiling debate, and discusses his move to Singapore.

America will be in worse shape a year from now, Rogers believes, as Washington will continue to spend and drive the nation deeper into debt. Eventually creditors will say “no more”, and social unrest and a currency collapse will ensue, he predicts.

Rogers argues that if politicians deal with the debt issue now, the US may have a hope, after a painful period. “Countries that have gotten themselves into this situation never do anything until there’s a crisis or a semi-crisis,” he comments.

Rogers believes the 21st century will be the century of Asia. Consequently, he has given his children the skills of speaking Mandarin and knowing Asia.

http://www.bullsource.com/jim-rogers-pr ... e-or-more/

[winston]

Ha Ha ... I have been saying for a while, that the emperor of another country is naked. Looks like Jimmy is also now using the same term

Rogers: The U.S. emperor has no clothes

In this interview, the BBC’s Mariko Oi asks investor Jim Rogers if there is a lack of faith in policy makers in the U.S. and Europe.

http://www.investmentpostcards.com/2011 ... pe+Town%29

[winston]

Jim Rogers: Higher food prices will spark riots soon

Jim Rogers, chairman of Rogers Holdings, says he sees higher returns from agriculture than other commodities, and expects more international turmoil as food prices continue to rise.

"Agriculture prices are still, on a historic basis, extremely depressed, and in my view, I'll probably make more money in agriculture than other things," Rogers told The Australian.


http://www.moneynews.com/StreetTalk/Rog ... /id/406382

[winston]

Dont really like the way he talks but he does have some good ideas.

Reminding myself of one of his quotes, about just sitting there and waiting for the money to be in the corner and then walking over to pick it up ..

[winston]

Rogers: U.S. Dollar is No "Safe Haven" By Julie Crawshaw

Investor Jim Rogers is holding U.S. dollars even though he says they are not the "safe haven" many investors appear to believe.

The dollar "is going up against everything right now” for a number of reasons, one of which may be that everybody is panicking "and for some reason they’re rushing into the U.S. dollar,” Rogers told CNBC.

“The U.S. dollar is not a safe haven, if you ask me, but I do own it,” says Rogers. “Agriculture prices [are] getting banged right now. I am kind of planning on buying Swiss francs, more dollars and agriculture."

Rogers notes that trade and currency tensions are developing. “Brazil has sort of ignited a trade war (by increasing import tariffs on vehicles that will particularly affect China and South Korea)," he says.

"And right now China is trying to get the Europeans to let them open up the trade with China more. The Europeans are saying no, so China is saying, 'No, we won’t bail you out.'"

http://www.moneynews.com/StreetTalk/Jim ... /id/412129

[winston]

Gold correction likely to last weeks, if not months - Rogers

In an interview with ET Now, Jim Rogers, Chairman, Rogers Holdings, shares his outlook on commodities and says gold is unlikely to hit $2,000 this year

MUMBAI (The Economic Times) -

Gold has been down 10% in the past week and is at an 8-week low today. Given this, what is your outlook for gold prices and do you see gold near $2000 per ounce in the near to medium term?

We have discussed before that gold has been up 10 years in a row, which is very unusual in any asset class.

So if it is up this year or 11 years in a row, gold is overdue for a correction and it could have a nice substantial correction given that it has been so strong.

I have no idea what is going to happen this year. I doubt if it will go to $2000 an ounce in 2011, it is more likely to have a correction which will last for several weeks, several months.

It has been very strong. If it goes down some more, I would buy more gold as I have told you many times

http://www.mineweb.com/mineweb/view/min ... &sn=Detail

[winston]

US to Experience Stagflation Worse Than 1970s: Jim Rogers

The U.S. economy is likely to experience a period of stagflation worse than the 1970s, which would cause bond yields to spike, commodity bull Jim Rogers told CNBC on Friday in Singapore.

Rogers said governments were lying about the inflation problem and the recent rally in Treasurys was a bubble.

Between 1974 and 1978 average inflation in the U.S. was at 8 percent, while unemployment hit a peak of 9 percent in May 1975. Currently, unemployment is at 9.1 percent while CPI is at 3.8 percent.

Rogers believes inflation will get much worse this time because, he said, in the 1970s only the Fed was printing money, whereas now many global central banks have been easing monetary policy.

Rogers, who told CNBC in July that he was shorting Treasurys, admitted that his view on U.S. bonds hadn't panned out. Since July, 30-year Treasurys have rallied and the yields have fallen from 4.36 percent to 3.15 percent. Bond prices and yields move inversely.

For now though Rogers is playing it safe and avoiding bonds. Instead, he's betting on stagflation by being long commodities and currencies (such as the Chinese yuan) and shorting stocks.

"I wouldn't advise anybody to buy bonds, I would advise you to sell bonds," he said. "If I were a bond portfolio manager, I would get another job."

"In the 70s you didn't make much money in stocks, you made fortunes owning commodities," Rogers added.

http://www.cnbc.com/id/44900450

[winston]

Jim Rogers: Greece Deal Not Enough to Save Europe By Julie Crawshaw

Though pleased by the size of the haircut for Greek bondholders, international investor Jim Rogers says the deal isn't enough to save Europe, and the problem is likely to come back to haunt investors in the near term.

"Never in a million years did I expect them to impose a haircut of 50 percent, this shows at least somebody is starting to accept reality," Rogers told Investment Week.

However, Rogers says, "Politicians have delayed addressing the problem yet again."

"It will come back in a few weeks or a few months and the world will still have the same problem, but this time only worse because the European Central Bank and other countries will be in deeper in debt."

Rogers reiterated that widespread haircuts across Europe are necessary to truly resolve the crisis.

"Greece is bankrupt, but others are too, and these haircuts will have to come back and be wider," he says, adding that this morning's global stock market rally had the potential to last for a while.

"There has been a major overhang, so we will see the easing of some pressure, but the problem will come back because the Western world still has not dealt with its debt," sys Rogers.

"Most European countries are increasing their debt rather than decreasing their debt. Until that changes, the problems are going to continue, just as they will in the U.S.," he added.

Bloomberg reports that the European Union’s agreement with banks for a voluntary 50 percent writedown on their Greek bond holdings means $3.7 billion of debt-insurance contracts won’t be triggered, according to the International Swaps & Derivatives Association.

http://www.moneynews.com/StreetTalk/Rog ... /id/415990