You are hereHome CategoriesNews
Commodities bull market to go on, says Jim Rogers
Source: BI-ME , Author: BI-ME staff
Posted: Mon October 20, 2008 12:00 am

INTERNATIONAL. The commodity bull market will last longer as a consequence of the global financial crisis, Jim Rogers CEO of Rogers Holdings, told Commodity Online in an exclusive interview. 

”We have had eight or nine periods of forced liquidation over the past 100 to 150 years wherein everything was liquidated without regard to fundamentals. This is such a period,” Rogers said.

Rogers, said the commodities market is these days hit by the prospects of growth slowdown in countries like China and  economic pessimism in the US and Europe.

”Historically the things which have come out best on the other side are things where the fundamental have been unimpaired. Commodities are the only thing I know with unimpaired fundamentals,” he said.

”The cyclical demand for commodities may slow, but the secular supply will be badly affected so the commodity bull market will last longer and go further in the end,” he added.

"I have an enormous amount of cash and I've been using it to buy more Japanese Yen, more Swiss Francs, more agricultural products....There's a liquidation phase going on, where everything is being liquidated. They're selling everything in sight," Rogers said last week speaking on CNBC.

"In a period like this the way you make money coming out of it is to own the things were the fundamentals have not been impaired."

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 10, 2016
UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
date:Posted: February 10, 2016
UAE. Across the Middle East, educational institutions and providers face a myriad of challenges and opportunities; "Educational organizations are increasingly being asked to demonstrate their wider impact and contribution to goals around employability, social mobility and inclusion."
date:Posted: February 9, 2016
UAE. The YPO Global Pulse Confidence Index for the Middle East and North Africa declined for the fifth consecutive quarter, falling nearly one point to 56.4, below the global confidence level of 58.0; Economic confidence in the UAE fell 7.2 points to 50.3, its lowest score in the six-year history of the index.
UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
dhgate
Monogram Ring