Jim Rogers Is Mr. Big Short as He Sees More Global
Economic Woes, a Robust Chinese Currency, and an Ugly Chinese Property
veteran investor sees more trouble ahead for the world economy,
and claims he is mainly holding short positions in stock markets.
Chairman of Rogers Holdings and a famed investor, says he sees more
trouble ahead for the world economy in the next few years, and is
shorting shares in various markets.
short shares around the world," says Rogers. "I have shorted
American technology companies, I have shorted European stocks and
shorted emerging market stocks."
the comment while talking to China
Money Podcast, a top-rated audio program focusing on investing
as a China Bull, Rogers turned pessimistic about China's economic
future in light of the on-going economic malaise in the U.S. and
Europe. "I don't see a resumption of the bull market in many
places in the world until we have the next economic problems in
the US, which will be fairly soon," says Rogers.
to Singapore in 2007 to be closer to the investment opportunities
in China, Rogers warns investors to be cautious on China's property
bubble. But he also points out that investors should differentiate
China's property bubble with that of the U.S. "China's property
market has a price bubble, but not a credit bubble the US had,"
author of a number of best selling books, including A
Gift To My Children, is a firm believer of the Chinese currency's
long-term potential. "The Renminbi will go massively higher
over the next few decades," says Rogers, who goes on to warn
U.S. politicians, who have repeated blasted China for manipulating
the RMB, to be careful of what they wish for.
is the wrong world. (China) has a managed float. Once the Chinese
currency is freely convertible and freely traded, you are going
to have a lot of people leaving the U.S. dollar and going into the
RMB. Then the U.S. is going to lose its status as the world's reserve
intellectually intense investor believes that China should allow
the RMB to rise faster against the dollar, he says it is China's
currency, and China should be the one making the decisions.
called up the American government, and went into the press everyday
and said to America this is what you have to do with your currency,
America would be furious. America would be shrieking, yelling and
probably dropping bombs on that country," says Rogers.
to the podcast here
Rogers has taught finance at Columbia University's business school
and is a media commentator worldwide. He is the author of Adventure
Gift to My Children, and A
Bull in China. See his
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