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“No, it will increase demand because with the nuclear power plants being closed down or damaged or under duress, Japan will have to import more oil, everybody in the world will now look at their nuclear power plants again and probably have more demand for oil and natural gas. Japan is now going to rebuild, that is going to cause big increases in demand for copper and other things. Japan wasn’t building very much in the past 10-15 years, now there is going to be a big jump in the demand for building materials in Japan.” – in Economic Times

Related: United States Natural Gas Fund, LP (Public, NYSE:UNG), United States Oil Fund LP (ETF) (Public, NYSE:USO)

Jim Rogers is an author, financial commentator and successful international investor. he has been frequently featured in Time, the New York Times, Barron’s, Forbes, Fortune, the Wall Street Journal, the Financial Times and is a regular guest on Bloomberg and CNBC.

Jim Rogers Blog: Japan`s Disaster And How It Impacts Commodities

Quantum hedge fund co-founder and commodity bull says he’s concerned about his long yen position, which he’s held for several years.

This entry was posted on Thursday, March 17th, 2011 at 5:51 pm and is filed under Top stoires. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

FundWatch: Investor Jim Rogers fretting about yen « In search of 'SELF'

Rogers, a commodities evangelist for more than a decade, has tweaked his pitch, saying the producers of the world — whether individuals, companies or countries — will become the new growth sector. In short, Rogers told the Reuters 2011 Investment Outlook Summit in new York, being productive, saving the fruits of your labor, and owning hard assets hold the keys to a bright future. “All these people who got MBAs made a mistake. the city of London and Wall Street are not going to be great places to be in the next two or three decades. It’s going to be the people who produce real goods,” he said. “Throughout history we’ve had long periods when the financial centers were in charge. but we’ve also had long periods when people who produced real goods were in charge — the farmers and the miners,” Rogers said.

CASSANDRA’S HYPOTHESIS: JIM ROGERS BETS ON COMMODITIES…SHUNS WALL STREET

If there is war, [America] is going to print money. If there is not war, they are going to print money and so whenever there has been money printing, the result has been that you should have your money in real assets.

It has been a pretty clear thing throughout history. The real assets are the only way to protect yourself. Real assets are basically the only way to protect yourself in time of war.

So in my view whatever happens, if the world economy gets better, commodities are going to be good because of the shortages developing. If there is war, commodities go up in war. If there is peace and there is not going to be an economic recovery for governments, they are going to print even more money, it is the western government. so depending on how things work out tonight, I would probably use this opportunity to jump in and buy more commodities.

in BusinessInsider

Related: iShares MSCI South Korea Index Fund(ETF) (NYSE:EWY), Korea Electric Power Corporation (ADR) (NYSE:KEP), United States Oil Fund LP (ETF) (NYSE:USO), iPath S&P GSCI Crude Oil Total Return (NYSE:OIL)

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

Jim Rogers Blog: If There Is War, Commodities Go Up In War.

Ben S. Bernanke, chairman of the U.S. Federal Reserve. Photographer: Andrew Harrer/Bloomberg

Nov. 5 (Bloomberg) — Kevin Flanagan, chief fixed-income strategist at Morgan Stanley Smith Barney, talks about Federal Reserve monetary policy and the impact quantitative easing measures may have Treasuries. Flanagan speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

Federal Reserve Chairman Ben S. Bernanke’s decision to pump a further $600 billion into theeconomy shows his grasp of economics is weak, said investor Jim Rogers, chairman of Rogers Holdings.

“Dr. Bernanke unfortunately does not understand economics,he does not understand currencies, he does not understandfinance,” Rogers, 68, said in a lecture at Oxford University’sBalliol College yesterday. “All he understands is printingmoney.”

“His whole intellectual career has been based on the studyof printing money,” said Rogers, who predicted the start of theglobal commodities rally in 1999. “Give the guy a printingpress, he’s going to run it as fast as he can.”

The Fed said on Nov. 3 it will buy an additional $600billion of Treasuries through June, in a bid to reduceunemployment and avert deflation. While Bernanke’s near-zerorates and $1.7 trillion in asset purchases helped end therecession, the Fed said progress has been “disappointinglyslow” in bringing down joblessness that is close to a 26-yearhigh.

“Debasing your currency has never worked,” Rogers said.

David W. Skidmore, a spokesman for the central bank inWashington, didn’t respond to a message seeking comment.

Bernanke, 56, a former Princeton University economicsprofessor who was appointed as Fed chairman by President George Bush in 2005, is a long-term scholar of the Great Depression. Hehas argued that the central bank’s blunders helped worsen thefinancial crisis that began in 1929.

He has responded with the most-aggressive expansion of theFed’s power in its history, cutting interest rates, makingFederal Reserve loans available to investment firms for thefirst time since the 1930s and lowering the rates at which bankscan borrow from the Fed.

Rogers said the Fed was “throwing petrol on the fire” ofsurging commodity prices, which rose to a two-year high today.He urged students to scrap career plans for Wall Street or theCity, London’s financial district, and to study agriculture andmining instead.

“The power is shifting again from the financial centers tothe producers of real goods,” he said. “The place to be is incommodities, raw materials, natural resources.”

“Don’t go to Harvard Business School,” he said. “If youwant to make fortunes and come back and donate large sums ofmoney to Balliol you’re not going to do it if you get an MBA.”

‘Horrible Disaster’

He declined to comment on the performance of his owninvestments in commodities.

Rogers, who described the U.S. as the most indebted countryin history, said quantitative easing had been a “horribledisaster.”

“It didn’t work the first time, it’s not going to work thesecond time,” he said in an interview with Bloomberg News.“It’s adding up staggering amounts of debt, staggering amountsof debased currencies. It’s going to cause more distortions, andwe’re going to have more currency turmoil.”

The U.S. and U.K. governments’ taxpayer-sponsored bailoutsof troubled banks were “unbelievable economics” and “terriblemorality,” he said.

Rogers studied at Balliol in the 1960s and coxed Oxford tovictory in the 1966 boat race against Cambridge University.Balliol, founded 747 years ago, educated British prime ministersincluding Harold Macmillan and writers such as Graham Greene.

“I’m here to sell books,” said Rogers, who lives inSingapore. “My little girls need royalties,” he added,referring to his two daughters, who are both younger than eightand were in the audience.

Rogers traveled the world by motorcycle and car in the1990s researching investment ideas for his books, which include“Adventure Capitalist” (Random House/Wiley) and “InvestmentBiker.”

To contact the reporters on this story:Simon Clark in London at sclark4@bloomberg.net;Stephen Morris in London at smorris39@bloomberg.net.

To contact the editor responsible for this story:Edward Evans at eevans3@bloomberg.net.

Fed’s Bernanke `Doesn’t Understand’ Economics, Jim Rogers Says

There is no period of time in world history where house prices haven't increased significantly during a period of hyper-inflation.

If hyper-inflation is coming as predicted by the experts (because of massive money printing by Obama and Bernanke), isn't real estate a pretty GOOD investment at this point?

You'll need the money for food.

not when home prices are expected to drop at least another 10%.

If Schiff/Celente/Jim Rogers-style hyperinflation is coming, then why not invest in real estate?

Traders who held off purchasing the common currency on June 18, when Gartman calledit “doomed,” missed an 7.2 percent return. Buying on may 6 when European Central Bank President Jean-Claude Trichet said the euro was a “good store of value,” earned 5.23 percent. Photographer: Hannelore Foerster/Bloomberg

Aug. 9 (Bloomberg) — Lauren Rosborough, a senior currency strategist at Westpac Banking Corp., talks about the outlook for the euro versus the dollar. she speaks with Linzie Janis on Bloomberg Television’s “Start up.” (Source: Bloomberg)

The euro’s rally from a four-year lowin June resulted in losses for followers of bears from Paul Volcker to Dennis Gartman.

Since Volcker, the 82-year-old former Federal ReserveChairman, said may 13 the euro may face “disintegration,” it’sup 5.99 percent against the dollar. Traders who held offpurchasing the common currency on June 18, when Gartman calledit “doomed,” missed a 7.3 percent return. Buying on may 6,when European Central Bank President Jean-Claude Trichet saidthe euro was a “good store of value,” earned 5.28 percent.

While the rebound from $1.1877 on June 7 was sparked by aEuropean Union-led 750 billion-euro ($996 billion) regional aidpackage and a strengthening German economy, the pessimists suchas Jim Rogers say the gains won’t last. they are betting thatthe currency area will split as austerity measures undertaken byGreece, Spain, Portugal and other nations curb growth and widenthe rift with stronger member states.

“The euro has had a spectacular bounce,” said Gartman,59, editor of the Gartman Letter in Suffolk, Virginia. “Wereall of the problems that were attendant and discussed and soobvious in February, March and April of this year, have theybeen alleviated? not even slightly. The major trend for the eurois still toward disintegration.”

Strategists and economists calling for the euro’s demisegrew abundant as the currency weakened 15 percent in the firsthalf of 2010, driven lower by a deepening debt crisis that ledGreece to the brink of default. Economist Gary Shilling, whopredicted the recessions in 1969 and 1991, according to hiswebsite, called for parity with the dollar on Feb. 18.

Now, attention has shifted to the U.S., where a governmentreport last week showed companies hired fewer workers in Julythan economists forecast, adding to evidence the recovery issputtering. Rogers, who predicted the start of the globalcommodities rally in 1999, said he bought the euro in June atabout $1.20 because sentiment turned too negative, even as hepredicted its demise in 10-15 years.

The euro slipped 0.3 percent to 1.3242 at 12:50 p.m. todayin London after rising to $1.3308 earlier.

“The recent events have weakened the euro from within bypropping up its bankrupt members,” said Rogers, 67, chairman ofRogers Holdings in Singapore and author of “A Bull in China.”“I don’t expect the euro to survive.”

The manager of the world’s largest hedge fund focused oncurrencies says he is still expects Greece to default, followedby Spain.

“As time goes on, we’re going to see the Greek numbers andSpanish numbers look worse than we expected,” John Taylor, whooversees $7.5 billion as chairman of FX Concepts LLC in NewYork, said last week in a Bloomberg Television interview.

Data from Europe has proved the bears wrong. Trichet saidAug. 5 the euro-area economy is strengthening faster thanforecast and that money markets are improving as the regionrecovers from the sovereign-debt crisis.

“The available data for the third quarter are better thanexpected,” Trichet said in Frankfurt after ECB policy makerskept their benchmark interest rate at a record low of 1 percent.“The market is functioning a little bit better.”

Growth in Europe’s services and manufacturing industriesaccelerated in July. a composite index based on a survey ofeuro-area purchasing managers in both industries rose to 56.7from 56 in June, Markit Economics said Aug. 4. Germany’s Ifoinstitute said July 23 its business climate index rose to 106.2,the highest level in three years, as exports jumped.

Relative yields on Europe’s junk bonds were poised to fallbelow their U.S. counterparts for the first time since June 2008amid diminishing concern about the debt crisis, Bank of AmericaMerrill Lynch indexes showed on Aug 5.

The extra yield investors demand to own Spanish 10-yearbonds instead of similar-maturity benchmark German debt shranklast week to 153 basis points, or 1.53 percentage points, afterclimbing to a euro-era high of 221 basis points on June 16.Spain, Portugal, Ireland and Greece successfully auctioned morethan 33 billion euros of bonds and bills since the beginning ofJuly, according to data compiled by Bloomberg.

“I was glad to see the euro come back to the $1.20, $1.25,$1.30 range,” Robert Mundell, 77, a Columbia Universityprofessor who won the Nobel Prize in 1999 for research thathelped lay the foundation for Europe’s single currency, said ina Bloomberg Television interview on July 11 in Siena, Italy.“This is a better range for it because going down to $1.18 isexaggerating the risks to the euro.”

U.S. data reinforced concern the recovery is petering out.Private payrolls that exclude government agencies rose by 71,000last month, less than the 90,000 predicted in a Bloomberg surveyof economists, Labor Department figures in Washington showed onAug. 6.

The Dollar Index, which IntercontinentalExchange Inc. usesto track the currency against those of six U.S. trading partnersincluding the U.K., Canada and Japan, slid for the ninthconsecutive week, the longest stretch since 2004.

Greece should qualify for a 9 billion-euro instalment ofemergency loans after showing “great progress” in implementingthe cuts it accepted to qualify for the aid, Poul Thomsen, headof the IMF’s mission to Greece, said in Athens on Aug. 5. Thenation aims to cut its deficit to 8.1 percent of gross domesticproduct this year, from 13.6 percent in 2009, and meet the EU’s3 percent limit by 2014. Portugal said it plans to reach the EUtarget by 2012, reducing it from 9.4 percent last year.

‘Political Capital’

“The market realized that the politicians in euro-landhave invested a lot of political capital towards this europroject,” said Thanos Papasavvas, who helps manage more than $5billion in currencies at Investec Asset Management ltd. inLondon. “They’re going to address the underlying economicissues to ensure its sustainability.”

Papasavvas, who was a euro bear from January until earlyJune, reversed his bet and now owns a greater percentage of thecurrency than is contained in benchmark indexes, he said.

Analysts predict the euro will decline this year even asthey revise their estimates higher. The currency will end 2010at $1.22, according to the median of 40 forecasts compiled byBloomberg. it was $1.18 on July 2, the data show.

“Parity is still going to happen,” said Shilling, 73,president of economic research firm a. Gary Shilling & co. inSpringfield, new Jersey. “I don’t think the fundamentaldifferences within the euro-zone have changed. I have a seriousquestion as to whether the euro-zone can continue, at least inits current form.”

Coordinated Planning

Shilling, who was correct in all 13 of his investmentguidelines for 2008, said Greece, probably Portugal and possiblySpain will be forced to restructure their sovereign debt.

Since the fiscal crisis began, euro-region officials havebeen working on proposals to better coordinate budget planning,strengthen penalties for rules violators and put in place apermanent backstop for countries in trouble.

Some euro members are showing signs of weakness as thefiscal cuts sap growth. Spain’s unemployment rate unexpectedlyincreased to 20.09 percent in the second quarter, the most since1997, a report showed July 30. Greece’s economy probably shrank3.4 percent in the three months to June, extending the nation’srecession to six quarters, according to a Bloomberg survey ofeconomists before the report Aug. 12.

The euro is still down 7.38 percent for the year asmeasured by Bloomberg Correlation-Weighted Indexes, whichmeasure foreign-exchange rates against a basket of currenciesfrom the Group of 10 nations proportioned by how they tradeagainst each other.

Pimco ‘Cautious’

While the euro became a rival to the dollar after itsinception in 1999, the debt contagion that began in Greece ledVolcker to say may 13 in London that he’s concerned the Europeanarea may break up. Volcker wasn’t available to comment.

“The hoped-for outcome on the part of the ECB, or Germanor French policy makers is countries make their adjustments andthe currency union becomes much stronger,” said Andrew Balls,London-based head of European portfolio management at PacificInvestment Management co., which runs the world’s biggest mutualfund.

“The other end of the distribution, you could haverestructuring by one or more countries and you could even havecountries leave the euro-zone. The fact that you have such awide range of possible outcomes makes us cautious.”

To contact the reporters on this story:Bo Nielsen in Copenhagen at bnielsen4@bloomberg.net;Catarina Saraiva in new York at asaraiva5@bloomberg.net.

Euro Returns 5% for Bulls Who Acted as Trichet Defied Breakup

Alright guys, I need your help. since I was little I always wanted to be rich. As I grew older I realized I needed to invest my money to let it work for me. So I invested my money in real estate and purchased my first place at the age of 22 in 2008, and with the money I had left over and me saving along the months I recently purchased my first investment property last month (duplex) . So this is my question to you guys. I'm trying to build a solid foundation for myself and my future family but with gov injecting trillions and trillions of dollars in are economy I'm starting to worry and thinking twice about investing in the U.S . and was thinking of investing the money that I I'm getting from the duplex into gold, silver, agriculture ect. I listen to Jim Rogers , Peter schiff, Ron Paul, and I truly believe them when it comes to investing. So what should I do ?????invest in real estate, stock, bonds ect!!!!!

Just wanna thank you in advance for taking the time answering my question…..THANK YOU!

I think your best bet is to invest in world investment pool. We are looking for entreprenuers like yourself to set up the worlds first one stop global financial shop. this will comprise of consulting, business financing, marketing e.t.c. We are looking at enabling even the smallest investor with a couple of dollors to be able to grow there money by investing in the pool. We are also looking at giving people with great ideas a chance to raise capital on our site. for more queries please mail me on kadon04@yahoo.com. look forward to hearing from you and revolutionising the financial sector.

How about condiminiums in bahamas? you will still be close to usa.Also i think gold would be a good idea right now.

Hello,
Sounds like you have a good head on your shoulders. PLEASE read "retire young, retire rich" by Robert Kiyosaki. he is the author of "rich dad, poor dad". I promise it will be worth your time, and you are already on the right track. Best of luck to you!

too bad you didnt put your cash in the US stock market about 5 months ago. The recession has bottomed out, and the LONGGGG recovery has begun. there will be ups and downs for the next couple yrs but the general trend will be up. I'd buy stocks now– mutual funds, etfs, "safe" individual stocks. your money, though, and you want to be able to sleep at night.

Greetings I suggest looking at PTP"s-MLP"s big tax break if you just take the dividends per quarter,my source is Yahoo Finance PTP-MLP;S THAT PAY ,here is my fave [most ] are MLP =APU,BPL,EEP,EPD,KMB,KMP,AGNC,OKS; SBR,TCLP, ALL ARE RATED A-B+100shares each $41,800 total cost =pay quarterly mo=1-4-7-10=$1912.00/ mo=2-5-8-11=$1128.00/ mo=3-6-9-12=$356.00/ total yr is $3396.00 or 8% return on your money

Citabank
Bank of America
Wells Fargo
US Bank
now go and invest.

Where should I invest my money next??? Please help!!!?

Millions of people have invested money in stock and bond mutual funds over the past few years. Now money is flowing into commodity mutual funds. New funds are constantly being released. Why is this? there are several big trends that people say will drive a boom in the commodities market in the years to come. any investor interested in improving their returns should understand what is involved and serious look into investing in the sector.

For one, remember that famous investors such as George Soros and Jim Rogers have made their fortunes in commodities. This is because the markets are very volatile, and with volatility comes opportunity. And despite the markets being gigantic, there are relatively few players involved meaning there is more chance for pricing discrepancies.

So what are the big trends that are predicted to drive a long bull market in commodities? the developing world. the world has already seen the price of agricultural goods and commodities such as iron ore skyrocket because of China’s growth. but this story has only begun. China is still relatively undeveloped. And there are many countries that are growing very quickly – India’s population is expected to exceed China’s in a few decades. India is growing slower, but this unprecedented growth is expected to greatly increase the demand for basic commodities. the emerging use of ethanol as an energy source will also increase the demand for agricultural goods.

The investment fundamentals are clear: commodities are headed for a big demand. An excellent way to profit off of this are mutual funds.

Why Many People Predict a Boom in Commodities

so how does that work exactly?

Is it like: if you critize the economic insanity of a person who unrelated to their actions just so happens to be Jewish, they your automatically anti-semite?

Nobody buys that propaganda anymore and you should stop trying to sell it.

This is America and nobody in charge of anything gets to be exempt from the complaints of others.

Jim Rogers Discusses Bernanke Reappointment-Fed Policy | 2012 …