U.S. Economy Better Than I Expected Jim Rogers Oct 12, 2009 03:

Jim Rogers Investments Strategy
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[felpaluche]

He admits his shortcomings.

[Yamakashi1]

+ their prosperity is as much realistic in that aspect as is the US's. Liquidity flowing into markets doesnt necceserily mean real prosperity ,so they dont depend on the US. The US depends on getting the stuff for IOU's for as long as they can. China doesnt depend on the US by any measure ,i think u got that completely backward.

[Yamakashi1]

@restlys china also develops a lot of industries that will crash in the near years. But some will fly like the wind on upwards, because they and germany are basically the only countries left with productive capacity right now in the world. the fact that the US wont buy rubber ducks from them ,doesnt change the fact that even though everyone would take a hit,china will most likely emerge as a world leader. So what are you saying really?!

[Yamakashi1]

@restlys yes exactly, you're arguing the same point. I think rogers really said exactly that. it was temporary, fake. "not as bad , as he thought it'd be".

[restlys]

@Yamakashi1 ressources? lol buddy, China does not have the domestic consumption capacity to keep its growing economy roaring if US stops buying what china is making(See chinas trade surplus vs the states)

Then you take into consideration that the only thing keeping china relatively stable is its ability to take all these millions of farmers from the regions, find jobs in cities. If you remove that(which im basically arguing), then you have a "fuck self" event unfolding.

[restlys]

@Yamakashi1 no, im saying the temporary recovery some are observing is irrelevant in the big picture...the big picture hasnt changed - the 2008 crash will definitly happen again.

Its as if someone is in a doctors office..and the Dr. tells the person he/she has cancer - but the patient replies " But doctor, i have been feeling good for the past few weeks "

[Yamakashi1]

and asia will not fuk itself. ,it will adapt. they have the resourses ,the US has debt and obligations.

3. what was a good thing?

[Yamakashi1]

@restlys you think the economy is recovering ?, cuz from what ur saying, i think ur agreeing with rogers.

[restlys]

@Yamakashi1 1 - economy is recovering : the financial reform were poorly made, the reasons why there was a crash were not dealt with - it will happen again.

2- Asia is doing much better : Asia does good if the US buys, if US drops its consumerism...Asia will fuck itself reaaaal good

3- America rose to power and glory : sigh...cmon. I know what he meant, but im not buying that it was a good thing..

Those or the headlines..the rest made more sense

[Yamakashi1]

@23580578H printing was for the banks to keep issuing debt. that's not how a healthy economy grows. it just means governments are owned by the banks. giving out record bonuses while businesses fail and incomes stagnate ,living standarts get lower. its not a savior ,its a con. in the beginning everyone thought ponzi was a genius and all-around great guy that was giving out great ROI.