Jim Rogers thinks that the world has a real fundamental problems that need to be addressed. It may happen 1 year from now or 10 years from now. All we care about is what is happening right now.
The 2013 forecast are
- The market is going to start to realize the extent of the problems in the fall of 2013.
- Caution on gold because it has been up for 12 years in a row which is very unusual. He expects gold to go up over the medium term but believes a correction is inevitable.
- Real estate investors to be careful because interest rates are going to go considerably higher.
- Besides the developed markets, there are some interesting developing countries that could be worth investing in such as Myanmar, Angola, Tanzania and Ethiopia.