It should come as no surprise that Jim Rogers, who famously moved from New York to Singapore because of his belief in China’s rise, is not following U.S. stocks.
Rogers, who co-founded the Quantum Fund with George Soros, enjoys equalities in Japan and Russia. Here is what Rogers said in an interview with India’s Economic Times.
“We don’t have full-size bubbles except in bands, bands are everywhere full-fledged bubbles. At the moment, if I buy countries that I would buy Japan, I would buy Russia; both are still down a lot but a lot of money is going to be poured into both of them because they are cheap and so is agriculture. I don’t buy America, America is at the top. So Japan, Russia, agriculture, ”he said.
Rogers made it clear that his outlook for Japanese equality was not a reflection of the Japanese economy.
“At least Japan has a terrible future. I’ve written three bestsellers on Japan in the last few years, talking about the tragedy that lies ahead. But if the central bank is going to print all this money and buy ETFs [exchange-traded funds], I do it too. But no, he doesn’t have a good future, ”he said. America is now doing the same thing as Japan, Rogers said.
An Nikkei 225 NIK,
it broke through 30,000 for the first time in 30 years Monday. The S&P 500 SPX,
it ended at the second-highest level ever Tuesday.
Russia, he says, will benefit from exposure to both CL.1 oil,
and agriculture.
He added, perhaps unsurprisingly, a plug into RJA Agriculture ETN-Rogers Elements,
ETF as a way to play agriculture. “The number of farmers in America has fallen by 90% in the last 100 years. Everyone has tools now but someone needs to make this happen. We still have people and we may never get agricultural walks again. We have had agricultural walks for centuries and we will again be because of the weather, people, diseases, all sorts of reasons, ”he said.