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Russian president Vladimir Putin speaks at the plenary session at St. Petersburg Economic Forum. READ MORE: http://on.rt.com/spjiw4
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Jim Rogers is a famed investor and he is VERY enamored over China. He’s been right a lot and I agree with him about quite a few things. On the other hand, he’s certainly been wrong quite a bit as well. One of the best examples of his bloopers was his eternal pessimism about Russia, even as Russian economy advanced 200-400% a year , due to his prejudices. He has since changed his stance on Russia and now believes Russia has one of the biggest investment potentials in the world, as he mentions in this talk. Hmm…
Still, he is pretty good, and worth listening to, about China and Asia. He is also very good with commodities and is worth listening to on that count. I agree with his analysis on Asia and Africa. Disagree in part about South America (again his prejudices talking).
And I must say, I agree with his bearish stance on Ukraine – despite lots of great (perhaps the best in the world) agricultural lands there, the prospect is bleak. I grew up in Ukraine and I can attest how rich and buttery the Ukrainian soils, called “black soils” or “chernozem,” are from personal experience. Unfortunately, as current Ukrainian turmoil confirms again and again, both the economic and political situations in Ukraine are not viable or conducive of development and growth. Pity…