Caught a short interview with investment guru Jim Rogers on CNBC last night. He made several interesting observations:
- China is going to be the economic story of the 21st cenutry.
- In the Middle East, Rogers is bullish on Iran. He believes its young, democratic-minded population will propel the nation upward.
- The Saudi Arabian regime will fall apart in the next several years–perhaps within a year or two
- Currently, Canada presents better investment opportunities than the United States.
- Financial industry stocks are overvalued–best to get out or short these companies.
“China is going to be the economic story of the 21st cenutry.”
Economic and political story of the 21st century. There is no relationship more important and fraught with danger than the one between the U.S. and China. One thing Americans need to start realizing now is that Asia will be to China what the U.S. is to North and South America. One day there will be a Monroe Doctrine of sorts in Asia where China will make clear that U.S. military power is no longer welcome in Asia. I don’t expect this anytime in the next decade or so, but it is coming.
I just realized who this Jim Rogers is. I did an internship for his younger brother Steve who was the editor of our local newspaper, the Gallatin based News Examiner. I remember reading a write up on Jim’s motorbike ride across China but I didn’t realize he was such a bigshot until I followed the link on this page.
I’ve just seen him on the business shows, but he seems like an interesting character. Had a rather colorful rig on his last jaunt around the globe.