Sunday, September 30, 2012

Jim Rogers takes on Steven Horsford on Twitter

For a month or so former chancellor Jim Rogers has been taking on Steven Horsford. Rogers used to be the chancellor of higher education for 5 years. Moreover, he is the owner of the NBC television in Nevada, along with other stations all over the country. Rogers stroked Horsford with a negative comment on Twitter because apparently Horsford never returned his call for a meeting 3 years ago.

In a recent interview Rogers talked about his annoyance with Horsford. The only crime which Steven seems to have committed is not returning a call. But Jim Rogers is of the opinion that Horsford is a con man and a fraud because he promises things which he afterwards does not do.

Rogers is annoyed because he thinks that Horsford should have returned his call since he is working for the whole state, including Rogers. Moreover, former chancellor Rogers seems to think that it would have been better if Hosford had sought him for advice.

Jim also criticizes Steven for not being able to increase the education funding during his 4 years in the state Senate as a majority leader. When asked about Jerry Tarkanian, Rogers said that he was one of Jerry’s biggest supporters.

Jim Rogers is a firm believer that Southern Nevada has suffered from the state’s funding for higher education with the amount of nearly 600 mil dollars over the past thirty years, blaming Steven Horsford for not doing what he has to.

Tuesday, September 25, 2012

Prepare for the recession, get some agricultural commodities and silver, urges Jim Rogers

The recession is coming, there is no way to prevent it, warns renowned investor Jim Rogers. For couple of months the chairman of Rogers Holdings and Beeland Interests, Inc. is calling for recession. The reason for this is that he feels United States' enormous debt levels and upcoming fiscal cliff will propel into yet another economic spiral.

Jim Rogers stated his opinion that the next two years - 2013 and 2014 will be worse than the fallout four years ago in 2008. The Federal Reserve has announced an extremely aggressive QE3 and that forced Rogers to become extremely bearish on the U.S. dollar. In the investments guru's opinion, it will suffer the same losses that the pound sterling did years ago.

But there is something we can do about the upcoming fall as Jim Rogers shared his ideas how to overcome the recession. He advices to go for agricultural commodities. Based on history, Rogers feels these assets are depressed and that they will have plenty of room to run given rising demand for food around the world.

Second, Rogers stated that he likes silver better than gold as he feels it to be undervalued by comparison. The bull market in gold won’t end until it too reaches a bubble sometime near the end of the decade, so there is good chance to win if you bet on silver.

And lastly, Rogers has been boasting two foreign currencies. His eyes are set on Asia and he considers Japanese yen and Chinese renminbi as good investment. Mr. Rogers is not worried about a China slow-down in the last year.

Monday, September 17, 2012

Jim Rogers sees no difference in post-election USA

The world famous investor Jim Rogers is very well known about his negativity towards U.S.A. So, it came as no surprise his predictions for the upcoming elections for president of the States. According to Rogers, the main thing that separates the two candidates for the White House is that "one comes from Chicago and the other comes from Boston". Apart from this, Mr. Rogers sees no fundamental difference in how things will be in the States post-election.

He once again backed his predictions that the Russian markets are far more lucrative than the American. His outlook is fundamentally negative and his interest in the Russia is evidence of the ongoing need for investors to look to emerging markets for future investment returns.

Given Rogers negativity toward the U.S. and his recent and increasing interest in Russia, if he is proven correct, then both RSX and RSXJ may be good candidates for investment. And with Russia been less affected by Europe by the crisis there is no reason the Russian market cannot flourish, if the country continue with a proactive agenda of reform and investment.

Thursday, September 13, 2012

Jim Rogers advices investors to consider Russia

Something interesting is going on in Russia and Jim Rogers warned the investors not to miss the chance to explore the significant opportunities out there. The famed investor was on a recent visit to Russia and stated that although he refers to Vladimir Putin as a criminal, the president of the country has influenced great progress in the former socialist country.

Jim Rogers pointed out a pool of billions of dollars the government has set aside for investments to be made alongside private investors. He cited his own assessment of the low valuation of the Russian market along with an unfortunate concentration in oil and gas. Although Mr. Rogers is yet to invest in the Russian market, he currently considers it heavily.

Rogers thinks that the country has learned its lessons from the past. This makes it a great investment in the future and Rogers says he is interested in buying the ruble. His ideas were backed up by Todd Berman, Head of Investment Banking at Troika Dialog, who expressed his opinion that Russia's recent entry into the World Trade Organization is a major accomplishment which will help advance reforms that should propel the Russian economy forward.