Monday, December 28, 2015

China is moving slowly towards a free market

China calls itself communist, Peter, but I will tell you they are among the best capitalists in the world. I know people who will tell you they are the best capitalists in the world. Planned economy? Yes to some extent but look, California is more communist than China, Massachusetts is more planned, and America is more centrally directed than China at the moment. Their central government has a lot of power, but the provincial have a lot of power too, and the capitalists have a lot of power. I don’t worry that China is too centrally planned; it is going the other way and becoming less and less centrally planned. Whereas America and some Western countries are becoming more and more centrally planned.

Sunday, December 20, 2015

Jim Rogers says India an amazing place to visit does not like India for investment purposes at the moment

I tell people all over the world that if you can only visit one country, it should be visiting India. It is an astonishing country and an extraordinary country to visit. It is not a great place for investing my money unfortunately. Bureaucracy gets worst and the debt continues to go higher. I tried investing in India a year ago or two ago when Narendra Modi was coming to power. But I have exited. I am still watching.

Tuesday, December 15, 2015

Very bullish on North Korea

I’m wildly bullish on North Korea. I wish I could put a lot of money in North Korea. I cannot, because I am an American and there just aren’t that many things you can do, they have no stock market or futures market for example. They sent people out to Singapore and other places to learn about capitalism, property markets, stock markets, but those things are still very undeveloped right now.

Tuesday, December 1, 2015

Historical similarities in negativity between Stocks and Commodities

I would remind you that when you look at the bull market in stocks between 1982 and 2000 there were several times when stocks collapsed. In 1987 stocks went down 40 – 80% around the world. There were several times when prices collapsed and everyone said the bull market was over but it wasn’t. 

Is the bull market over in commodities? I don’t think so. But maybe I’m wrong, it started a long time ago.

Jim Rogers

Warren Buffett

Nouriel Roubini