Jim Rogers: Not a Good Time to Buy Stock, Might Sell Euros

Jim Rogers is interviewed by Henry Blodget on Business Insider on the 9th of May 2012.

Some people think it's the best time to buy stock in 50 years, but Jim Rogers disagrees. He does not own stock in the US, and heven have some shorts, and does not see how the US stock market could double within a few years as Dr. Jeremy Siegel claims, because the economy is in bad shape and will remain so for some time.

Henry Blodget then asks him if housing has bottomed, and here Jim Rogers agrees that real estate may have bottomed in some markets, and there may be good opportunities especially in the country side, but other places like Massachusetts have probably to go further down.

Switching to currencies... Although he's very pessimistic over the long term, he owns the US dollar, and might sell his Euro holdings because albeit Europeans have implemented austerities measures, they haven't managed to reduce their debt.

As previously stated, he expects Gold to correct further as it has gone up for 11 years in a row, but he will certainly buy if it goes down, and claims the Gold bull run is far from over and will probably end in a bubble, a Gold mania.

Finally, his views on crude oil haven't changed, the surprise is going to be how high it goes as reserves are going down, although a temporary correct could occur in case of serious crisis (e.g. Spain defaults on its debt).

Marc Faber: Greece Is Not Relevant, China Is.

Marc Faber is interviewed by Fox Business News on the 10th of February 2012.

He explains that Greece is just a small appetizer to a much larger crisis. The market are currently overbought and there should be a correction in February / March the extend of which is yet to be seen. He said he bought shares in Singapore, Thailand and Hong Kong in November / January 2011 (Visit Marc Faber Picks at 2012 Barron's Roundtable for details).

He's also bullish on real estate in the US, he would buy a house as it is very cheap now. He gives an example of a nice 5-bedroom house in Phoenix that sold for 120,000 USD.

Finally he says China is the major issue in the world with most indicators pointing to bad economic times.

Marc Faber: The Derivative Market Will Cease to Exist

Marc Faber is interviewed by Reuters (8th of December 2011) and says there will be a global market collapse and the entire derivatives market will one day cease to exist.

Most people will be lucky if they still have 50% of their money in 5 years time. That's why he recommend equities as they should still have some values, would avoid government bonds, and said cash is only useful for short period of time.

Marc Faber: The Best Would Be to Disolve Europe

Fox Business interview with Marc Faber on the 8th of December 2011.

He discusses about the Europe crisis, and possible solutions.
He thinks there could be dual currency. i.e for greece the Drachma and the Euro, like it is done in South America, where you can use both the local currency and the dollar.

Marc Faber: Chance for Hard Landing in China

Interview with Marc Faber on CNBC on the 2nd of December 2011.

He talks about the Chinese economy and explains it's likely to have an hard landing.
If the Chinese economy slows down, commodities price goes down and country such as Brazil, Canada, Australia will all be affected.

Jim Rogers: The US is Becoming More and More Dictatorial

Very interesting 40 minute interview of Jim Rogers by Alex Jones (prisonplanet.com).

They talk of the current economic situation in Europe and US, why Jim Rogers has move to Singapore (for is daughters), the loss of freedom in the US, Jim Rogers current investment themes (commodities), his views on Silver and Gold and more.