Tv - 1

Name: Renee Manders
ID code: 1569490
Class:


TV 1
Title of programme: Hardtalk
Broadcast by BCC
Date: 17/5/2011
Duration: 30 minutes

Subject:
Stephen Sackur talks to one of the world's most influential investors: Jim Rogers


Summary:

Aged five, 
Jim Rogers was selling peanuts for profit; he became a hedge fund pioneer, a 
commodities trader and, years ago, he shifted much of his money, and his family too, out of the US and into Asia.

“ But can even this maverick investor see new opportunities in a world riddled with economic uncertainty?”


We need some brave leadership and knowledgeable decision making in the UK and elsewhere to bring back our manufacturing from China, enact agricultural and energy reforms and the necessary fiscal and monetary control/planning. Maybe then Jim would bring back some of his money to invest here given the opportunity.

A few stated things:

• The US & UK are bankrupt. It is better to invest in a dipping-economy (Asia for example) than to invest in a bankrupt economy.
• Jim Rogers is short in EM Stocks (particularly Indian stocks) & US Technology stocks. He however isn’t short in China.
• Water is a huge challenge for China & India. They should throw hundreds of billions of money into that. Societies die when they have water problems.
• Commodities are still in a long-term bull market.
• Increasingly onerous regulation for commodities traders is likely.
• The US & UK are the largest debtor nations in the history of the world.
• The US will default on its debt by inflating.

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