Jim Rogers and Robert Shiller talked about their outlook towards the market this morning:
Jim Rogers is long on inflation, therefore agriculture commodities such as rice. On the foreign currency front, he is long on RMB, the Chinese currency.
Using Japanese Yen as an example, Rogers thinks RMB is positioned to appreciate 300-400% in the next decade or two.
Robert Shiller, a Yale economics professor appeared together with Patrick Kron, CEO of Alstom, in CNBC this morning. The two see a dual economy in the world nowadays, with the developing world charging forward and the developed world struggling.
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