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Jim Rogers Reviews His New Book 'Street Smarts' with Reuters
Posted by: CanadianValue
(IP Logged)
Date: February 12, 2013 10:45AM
- Rogers believes we are entering the "Asian Century." - He does not include India in that as he is very doubtful about its future prospects. - China is at the core of Rogers' thesis where he loves the entrepreneurial spirit of the people, the level of education and the work ethic. - When a Chinese worker is hired he or she doesn't ask about how many vacation days he gets, he asks how many days he gets to work. - The largest debtor nation in the world is the U.S., the largest creditors are all in Asia (China, Korea, Taiwan). The assets are all in Asia, and the debts are in the states - Rogers is short government bonds and thinks that the bull market in bonds which started in 1981 is nearing an end.
Re Jim Rogers Reviews His New Book Street Smarts with Reuters
Posted by: LwC
(IP Logged)
Date: February 12, 2013 11:27AM
"The largest debtor nation in the world is the U.S., the largest creditors are all in Asia (China, Korea, Taiwan). The assets are all in Asia, and the debts are in the states" “If you owe the bank $1 million, the bank owns you. If you owe $1 billion, you own the bank.” Holman W. Jenkins, Jr. “If you owe the bank $1 million, the bank owns you. If you owe $1 billion, you own the bank. If you owe several trillion, you are the financial system." David Noebel
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