Monday, January 23, 2017

Stock markets seem optimistic under Donald Trump

There is a lot of optimism. People are focusing on the good stuff when it comes to [Donald] Trump. If he does the good things, then happy days are here again

Donald Trump trade wars ?

He very much wants a trade war. And if that happens, sell everything.

I know trade wars have always been disastrous. It leads to bankruptcies and has led to real wars. History has shown that no one has won a trade war and very few people learned the lessons of history. They ignore them because people think they are more powerful and smarter than people in the past. 

I’m not sure Mr. Trump knows what he’s going to do, he has contradicted himself several times. He speaks loud but his words are confusing. 

We are overdue for a crisis

The Chinese have a word that opportunity and disaster are the same so when there is a catastrophe, it is also a huge opportunity

Monday, January 9, 2017

I dont pay attention to the Fed

You should follow the central banks not the markets...... [Watch the video above for the full interview]

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Wednesday, January 4, 2017

I'd head to Asia now if I was a bright young person

In 1807, if you were smart, you'd move to London. In 1907, you should have moved to New York. Well, 2007, you should have moved to Asia, which is when I moved to Asia.

Because for my children, the best skills I can give them are to speak good Mandarin and to know Asia. It's not going to make them successful, I assure you. There are plenty of people in the world who speak Mandarin and who know Asia that aren't successful. But it will give them a leg-up.

And if I were a bright young man or woman now, that's what I would do, I'd go to Asia, learn at least one Asian language. Mandarin is the best as far as I'm concerned. But I would certainly head to Asia.

My problem, another one of my mistakes, I went to China in 1984, scared to death by the way, because I had been listening to American propaganda all my life.

Evil, vicious, terrible people the Chinese. They're going to cut your throat.

I got there and I said, "These aren't evil, vicious, terrible people. These are wonderful people." Educated, hard-working and they save for the future. But if I'd been smart I would have stayed. Shows you how smart I am.

I went there and I saw, oh my God; look at this. Look at what's happening.

I went back to Asia several times and many times since, but you know if I was such a bright kid, I would have stayed in Asia in the '80s.

Tuesday, January 3, 2017

American Universities have done a great PR job

American tertiary education is a bubble. Everybody thinks it's the end all and be all. America has done a great PR job of selling its universities. Everybody knows grammar school, primary school and high school are a disaster in America.

But somehow or another that translates into the fact that America has great universities. Don't ask me the logic, but that's obviously a bubble.

Hong Kong real estate, Shanghai real estate ... [those] are clearly in some kind of bubble ... also, Sydney real estate.

Bonds are obviously something that is going to cause a lot of pain to a lot of people. Bonds have been going up for 35 years, literally, for 35 years.

Now, bond markets have a habit of having long, long, long cycles, 30, 35 years. It's normal in the bond market.

At least historically in the U.S. it's been normal, but ... that's another clear bubble.

Tuesday, December 27, 2016

Global stock markets to face problems next year 2017

The main factor right now is Mr Trump and his talk - which we are all watching here. But again, now we are going to have to start focusing on interest rates and what’s happening in the real economy, where there’s a lot of debt. 

So, for instance, in India and China too, there is a lot of debt now. There was not as much debt there earlier, even ten years ago. So we all will have to start paying attention to the interest rate burden which everybody is going to suffer.

And unless Mr. Trump can do something about those three trillion dollars of American corporate money overseas - which would help finance the things he is talking about - we all are going to face problems. I expect problems next year in the financial markets worldwide. I don’t expect good times.

Monday, December 26, 2016

US corporations have 3 TRILLION DOLLARS parked overseas

I own a lot of the U.S. dollar, and I have l for a while as you know. I own it partly because there is a lot of turmoil coming and people look for a safe haven in times of turmoil. They think the U.S. dollar is a safe haven. Mind you, it’s not, but people still think it is. Plus, American corporations have three trillion - trillion with a ‘T’ - U.S. dollars outside America.

Mr Trump says he is going to figure out a way to get them to bring that money back. If he gets three trillion dollars to come back into the U.S., that’s going to do a lot for the U.S. dollar and it is going to help the markets for a while. So, the good news - we all know the good news that’s what we are focusing at the moment, I own a lot of U.S. dollars because of that.