Thursday, February 26, 2009

Jim Rogers on India

I am linking to this Jim Rogers video mostly for my friends in India and the limited comments by Rogers on India.

However, there are a couple of other things of note in this video. It's clear from Rogers' comments that he doesn't watch the money supply on a month to month basis. In the video he mentions that he covered his shorts on U.S. stocks in October. Given that the Fed stopped printing money (under 2% growth)in the July through September period, October was no time to cover shorts. Now the opposite may be occurring, Roger is extremely bearish on the U.S. stock market but the Fed has reversed engines and is pumping money at double digit rates.

Rogers comments, with regard to civil unrest in the U.S. a couple of years out, does not shock me. It's behind my careful words, " I want to stay flexible and have the ability to move if economic times become extremely severe and it becomes downright dangerous to live in parts of the country," in my post, The Great Rent versus Buy Debate: Renters Lose Edge on Homeowners

I also find, Roger's comments on owning a farm, intriguing, Rogers does his homework and knows agricultural is poised for a major up-spike.



  1. Jim Rogers says in just about every interview that he's the world's worst market timer. So no surprise on his short covering. Of course, it looks like he had the fundamentals wrong as well, which is usually not the case for him.