Friday, June 7, 2013

Jim Rogers on the Yen devaluation effects

The Koreans have huge problems. The currency[Japanese Yen] is down 26, 27 percent. The Germans are starting to be affected, because the Germans are huge export country. This is going to have serious ramifications. In the financial markets somebody is on the wrong side. I don't know who, so they are getting killed. Other people trading against Japan are having problems. Inflation is coming back strongly in Japan. Its not going to be fun in the end. Mr Abe doesn't care, he wants to win the election this summer.

Jim Rogers

Warren Buffett

Nouriel Roubini