Some Parts Of The Chinese Economy Are Going To Have A Hard Landing

Some parts of the Chinese economy are going to have a hard landing. The Chinese for two years now have been tightening up. They have raised interest rates six times. They have raised reserve requirements a dozen times. Just recently they started to loosen this up a little bit but they are trying. They are trying to bring down real estate, they are trying to make real estate developers go bankrupt so you are going to have a hard landing to use your terms in things like property in China.

But other parts of the Chinese economy are going to continue to boom: water treatment, agriculture, farmers are not going to know that the real estate speculators in Beijing and Shanghai are going bankrupt because they are working too hard and making too much money so you are going to have sectors of the Chinese economy with serious problems but it’s not the whole Chinese economy. It’s not like it was here. - in The Globe & Mail

Related: iShares FTSE/Xinhua China 25 Index ETF (FXI), ELEMENTS Rogers Intl Commodity Index - Agriculture Total Return ETN (RJA), PowerShares DB Agriculture Fund (DBA)

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

There’s Not Many Countries That Should Be AAA

There’s not many people that should be AAA anymore, maybe Finland, maybe China. I can’t really think of many countries that should be AAA anymore. - in Globe & Mail

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

Gold: The Downside Exists If…

In my view the downside exists if money printing by government is insufficient to revive or maintain credit growth at this level and you have a credit collapse.

One day there will be a credit collapse, but I think we aren’t yet there. Before it happens they’re going to print. - in etfdailynews.com

Related: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

If You Own Cash, Make Sure It Is The Right Cash

First, you better make sure that cash is in the right cash. A few years ago many people put their money in Icelandic krona, thought they were very safe. They had currency and they were earning high rates of interest and of course the krona collapsed and some of those people lost all of their money. So make sure you are in the right cash, first of all.

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

The U.S. Will Continue To Outperform

There is close correlation between all markets in the world. This year, the U.S. has grossly outperformed the emerging markets. In Asia, we’re down between 15 percent and 25 percent in markets. In Eastern Europe, even more. The U.S. this year is a wonderful market relative to the rest of the world.

I think this outperformance may go on for a while. Some emerging markets could rebound more strongly than the U.S. because they are more oversold. Like India, the currency is down 18 percent since July and the market is down 22 percent. Currency adjusted, the market has been extremely weak and is oversold. It could rebound somewhat here, but forget about new highs. It’s not going to happen anytime soon. - in Bloomberg TV

ETFs, iShares MSCI Emerging Markets Index ETF (EEM), iShares MSCI Brazil Index ETF (EWZ), SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index ETF (IWM)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

If I Had To Buy One Currency, I Would Buy The Swiss Franc

The main currencies I am long are the Yen and the Swiss franc. I do own some euros. I do own some U.S. dollars. What would I buy right now? I would probably buy the Swiss franc if I had to buy something today.

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

If China Collapses, It’s Not The End Of The World

Well, first of all, China is a third the size of the U.S. economy. Europe and America are 10 times the size of China. So even if China collapses, it’s not the end of the world and even if China booms, it’s not going to save the world.

It’s important, it’s very important but it’s not the most important thing. China is trying to slow down and some parts of their economy are going to fail, collapse, they are going to have some bankruptcies.

Europe is certainly extremely important, what’s going on there but Europe as a whole is in much better shape than we are. Europe as a whole is not a big debtor. The United States, as a whole, is the largest debtor nation in the history of the world and we’ve got states that are in trouble – Illinois, New York, California. Europe has states that are in trouble – Greece. You know the names as well as I do. No, America is the one we have to worry about the most. - in Globe & Mail

ETFs, iShares FTSE/Xinhua China 25 Index ETF (FXI)

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

I Have A Very Special Stock Tip For You

I have a very special stock tip for you. The symbol is g-o-l-d. That is what I prefer to hold. Both the euro and the dollar are long-term undesirable currencies, especially given zero interest rates in the U.S.

Equities to some extent become like cash because they become a store of value compared to cash at a zero interest-rates. Paintings become a store of value, stamps become a store of value. - in Bloomberg TV

Related, SPDR Gold Trust ETF (GLD)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I Am Short Stocks

What I am doing with my money is I own commodities and currencies and I am short stocks. I am short American technology stocks, I am short European stocks, I am short emerging market stocks. That’s what I am doing but who knows if I am right. - in Globe And Mail

Related, iShares MSCI Emerging Markets Index ETF (EEM), Technology SPDR ETF (XLK)

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
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