A great interview with author and commodity investor Jim Rogers. It is these kinds of interviews that you really get to pick Jim Rogers minds given the time he is allowed on television opposed to smaller media. No big secret, Jim Rogers continues to be bullish as ever in commodities and certain sectors of the Chinese economy. Rogers does mention that Chinese coastal real estate is in a bubble stage but it is quite different from the U.S. real estate bubble as the Chinese do not have a credit bubble.
One interesting note Rogers talks about is how all the creditor nations are now in Asia (China, Taiwan, Japan, Korea,etc.) and all the debtor nations are in the West (U.S. , U.K). And if you think about how someone like China is spending their money, it is very different from how the U.S. is spending its money. Since the 2008 crisis, China has been busy buying commodity resources in Australia, South Africa. At the same time, the U.S. is busy issuing new debt and bickering over health care reform.
One interesting note Rogers talks about is how all the creditor nations are now in Asia (China, Taiwan, Japan, Korea,etc.) and all the debtor nations are in the West (U.S. , U.K). And if you think about how someone like China is spending their money, it is very different from how the U.S. is spending its money. Since the 2008 crisis, China has been busy buying commodity resources in Australia, South Africa. At the same time, the U.S. is busy issuing new debt and bickering over health care reform.
