Tuesday, December 27, 2016

Modi causing chaos for lot of Indians

The U.S. dollar is going to go higher, which means that all other currencies will go down. So the [Indian] Rupee will go down and everything will go down in the future. 

But you know I loved Mr Modi, and when he was about to win the election, I invested in India. Since then he has done one good thing - he brought in the GST which is a miracle and great.

But then he turns around and does other things which are not so good especially what he is doing with the currency right now. I mean he’s essentially causing chaos for a lot of people.

Tuesday, November 15, 2016

I did not vote for Trump or Clinton

I did not vote for Trump, I did not vote for Clinton. I voted a protest vote. The lesser of two evils, is still an evil if you ask me. 

So I did not vote for either of these Turkeys. If enough people vote protest , eventually we will stop getting Turkeys as candidates.

Thursday, November 3, 2016

The right time to buy stocks and invest is......

Buy investments that do well when everything else is collapsing. Do that and stocks go up massively when the world around you is falling. They will get you rich.

Tuesday, September 20, 2016

Jim Rogers opens account in Kazakstan and Nigeria.

I've opened an account in Kazakhstan. I opened an account in Nigeria, but I haven't done anything, which I've never, ever, ever in my whole life thought about investing in Nigeria. 

I'm trying to open an account in Rwanda.... Rwanda wants to be the Singapore of Africa, and it could well be. It could even be better than the Singapore of Africa down the road. I don't know why. I finally, after thinking about  Rwanda for many years, two weeks ago I said let's get the account open. I'm not sure what clicked, except something clicked.

Tuesday, September 13, 2016

We will all pay a nasty price for Artificial money

You should be very worried. There is going to be a serious economic crisis in the next year or two. We all are going to pay a horrible price for the artificial money coming out of America and other central banks. We’re all going to have a huge problem. Be worried, be worried.

Tuesday, September 6, 2016

Monday, August 22, 2016

I am happy to be a contrarian

People say contrarian - well, if you find something that's cheap, it usually means not many people are paying attention to it, that is why it is cheap. If that makes me a contrarian, I'm quite happy to be contrarian.

Tuesday, July 26, 2016

Signs on when to sell the bubble in stocks

Bubbles are so wonderful if you can time it right. I never have because I usually short it and it goes up more. If I go to China and the receptionist talks about stocks, I will be worried. All of these are bad signs but it could go higher.

Tuesday, July 19, 2016

When the going gets tough, the politicians change the rules

If I were a municipality, I’d be borrowing as much as I could, since its interest free. You could put it into an arbitrage, if nothing else. 

Why doesn’t Toronto, Canada just borrow a lot of money, turn around and put it in government bonds? I don’t know, I suspect somewhere along the line, the Canadian politicians are going to change the rules. That’s the trick that politicians have done throughout history when things really go against the politicians, they just change the rules on you, in nearly every country in the world at some time in history.

Thursday, July 7, 2016

Jim Rogers daughter can speak perfect Chinese

[My daughters] can speak perfect Mandarin, which won’t make them successful, but it will give them an advantage most people don’t have with English and Mandarin. 

Professional career path

Whatever they [my daughters] want to do is fine with me. It would be absurd for me to tell them what to do because they wouldn’t love it and they wouldn’t be successful at it.

Wednesday, June 22, 2016

Asia could take top spot for financial services industry

They [Asian finance industry workers] are more energetic, ambitious, and they don’t have a few hundred years of being Swiss bankers behind them so they have to work harder in places like Hong Kong and Singapore.

Tuesday, June 14, 2016

OPEC is more politics than action

OPEC has always been political and usually they do not really do what they say. You had many announcements from OPEC and then the people go home and do what they want, whatever is good for their own country. You certainly have more and more disagreements now because what is good for Iran is not necessarily good for Saudi Arabia and they are rivals anyway. But then you have Nigeria whose production is down by nearly half because of their own internal military problems.

Thursday, June 2, 2016

Change is just part of our everyday life and we must adapt

My timing is hopeless. Eventually I get enough confidence. I decided to start buying Russia and, lo and behold, came the Ukraine. It didn't occur to me that America was going to try to throw its weight around and try to overthrow the Ukrainian government. I should have done more homework and been more aware. When things change you need to change with it, you need to reexamine and see if you were wrong in the first place. The market constantly makes me reexamine.

Tuesday, May 3, 2016

You should be very worried of the economy

 We had a problem in 2008, because the debt was very-very high. Now the debt is much-much higher, all over the world. Next time we have a problem, it's going to be worse than 2008. You should be very worried, you should be very knowledgeable, and you should get prepared.

Tuesday, April 19, 2016

China should collect commodities instead of US Dollars

I have advised the Chinese with their staggering foreign currency reserves, to say listen you’ve got all those government bonds, why don’t you just stockpile oil or copper or dozens of other things which you will have a use for and cannot be debased. If you have huge stockpiles of cotton some day you may need them, whereas if you have a stockpile of US dollars or bonds some day you may be desperate to get rid of them. It would make sense to me for them to stockpile.

Tuesday, April 12, 2016

I still own China stocks and believe in China long term

I own China and I haven't sold any Chinese shares at all. I will probably buy more, given the right opportunities and the right circumstances.

Other things I recently bought are short-term ruble-denominated Russian government bonds. I am also taking a look at shares in Russia, Kazakhstan, Nigeria, Angola and Iran.

But for the most part, I may not buy much of anything these days, because I'm pessimistic about the world. There's going to be serious financial market problems sometime in the next couple of years.

Everybody's going to be affected, including China. When you have Europe and America and Japan and other places with problems, everybody's affected.

Tuesday, April 5, 2016

Mistake to think that Governments can outsmart the markets

Just leave the markets and the economy alone. It is very difficult to invest in India, especially for foreigners. It is very difficult for foreigners to buy and sell stocks in India. 

Likewise for currencies, bonds and commodities. That apart, it is very difficult for anyone to buy and sell anything related to agriculture in India, as there are massive regulations/restraints/controls. Most of these make things worse for India. The government needs to get out of the way. There are plenty of smart Indians in the country but the government thinks they’re smarter than everybody. They even think they are smarter than the markets but they’re not.

Tuesday, March 29, 2016

China not to blame for the falling Iron Ore prices

You have to remember the iron ore companies went nuts and expanded in a very dramatic way. No matter what China did, those guys in Australia, Brazil, and the United States opened staggering amounts of capacity. Its not as though the Chinese suddenly said lets dump iron ore. China doesn’t have a lot of excess iron ore. The excess iron ore came from Australia and the others. I can not think of anything, maybe rare earths, but there is not much that China has so much excess that they could dump something and drive prices down. They could conceivably manipulate in futures markets but again, I’ve been around a long time, and it is very hard to manipulate those over any long period time. 

I’m sure you could drive the price of cotton down for a day or a week or a month. But to manipulate these prices for a long period of time unless its like Saudi Arabia with oil I don’t see it happening. And that’s because Saudi Arabia has a lot of oil.

Tuesday, March 15, 2016

North and South Korea should unite to become a powerful nation

I am a fan of President Park [of South Korea] more than any other politicians but that was a mistake if you ask me. When she closed the complex, I was surprised. That was pretty negative for South Koreans. I know she has an election in April. It is one of the few times I thought she was making a mistake.

All you have to do is to take down the demilitarized zone. Stop spending money on defense. You had those war games every year for 50 years. 

Kim Jong-un using nuclear power to gain negotiation leverage

We now know negotiations were set, but then the U.S. pulled out so I presume that was his reason. He seems to want peace. 

North Korea free trade zones
They already started. They already have 15 free trade zones. The reason why there is so little investment from abroad is they just started. It takes a while for this to take place. He (Kim) does have 15 free trade zones. You can go on bicycle tours, you can go skiing, and you can take a movie tour (in North Korea). That's what you could not do before. Those are what his father and grandfather did not allow. 

North and South Korea unification will make the country very attractive for investments

I don't think unification will happen in the foreseeable future. But when it comes, Korea will be the most exciting country in the world for a decade or two. Once unified, it will grow faster than others and it will have a lot of dynamic things happening. You have 75 to 80 million people right on the Chinese border. I will bet on a very exciting Korean Peninsula and may well invest most of my wealth there.

So when you put two countries together, while everybody else is suffering, you will have dynamics that other countries won't have at the time. That is a reason you need unification. They need you and you need them in the future.

Tuesday, March 1, 2016

War can cause oil prices to rocket up

The world is on the verge of war on any given day, but it may not happen for several years. 

Well, if there’s war, then certainly there will be a sudden supply side price shock. But as for the supply side otherwise, I don’t think it’s going to be sudden. It takes a while for these things to adjust. Yes, a lot of frackers are going bust in the United States, but it takes a while for people to realize, and for that to work its way through. And even if the frackers go broke, you do apparently have more Iranian oil coming on stream. So this doesn’t happen over night.

Tuesday, February 23, 2016

15 to 20 percent annual corrections are part of a healthy market

The world is going to have problems. In America that used to be the main market, it has not got a serious stock market set back in the past 6-7 years. That is very unusual. Normally, market corrects 15-20 per cent every year or so. We haven’t had corrections like that because of the artificial money printing by the central bank. We are going to have a big problem next time we have a setback and it is coming in 2016-2017.

Tuesday, February 16, 2016

Blame the Government for money printing and massive deficit spending

[The US stock market] had virtually no significant corrections in seven or eight years, which is very unusual. That’s because of massive amounts of money printing originating in Washington, DC, and massive amounts of debt and spending, deficit spending originating in Washington, DC. And the rest of the world copied us, and now all the major central banks – Japan, Europe, and Britain – are all printing staggering amounts of money, so we have an unprecedented artificial ocean of liquidity floating around the world which has obviously gone into shares, but that cannot go on, James. We have to pay the price.

We’ve had economic slowdowns in the US every four to seven years since the beginning of the Republic; we’re going to have them again, and perhaps they’re starting. And I’m not the only one who realizes there’s a problem; the market’s getting it too. 

So if you’re looking for a single culprit, look to Washington, DC. ....we’re all going to get hurt. A lot of people have made mistakes in the last seven or eight years, and we’re all going to suffer.

Tuesday, February 9, 2016

A summer job made me discover my love for Investing

When I started working on Wall Street, I knew nothing about it and I had no money at all. I just took a summer job on Wall Street in the beginning.

Then I fell in love with investing. I thought it was wonderful. I would say I started when I was 21. I started in a small way by saving and I bought some IBM shares. I didn't know much, I thought IBM would be a great company.

Tuesday, February 2, 2016

Central Banks solution to market problems is to print money

They can talk and they can just print money. That’s all they can do. They can drive interest rates lower by buying assets, which is what they’ve been doing, but none of that is good for any of us, cause it’s all just going to lead to a worse disaster.

Tuesday, January 26, 2016

China is a Victim too

China’s been able to support the world through a period of money printing and low interest rates, and that’s now come to an end cause China’s showing signs of slowing down. People say China’s to blame for all this mess, but China’s just a victim like the rest of us. We’re all victims James, we’re all victims, including American citizens. Our central bank has been a disaster.

Monday, January 11, 2016

US stocks correction was overdue

Unfortunately I am afraid we are finally paying the price that is overdue. We had seven years now with no correction in the US market anyway and we got a lot of excesses. And now we are going to pay the piper.

Jim Rogers

Warren Buffett

Nouriel Roubini