As disposable income in China's second and third tier cities increases substantially, Peter Lai, director, DBS Vickers Securities, believes mainland's auto sector looks positive in the mid to long term. He speaks to CNBC's Bernard Lo.
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Monday, July 19, 2010
Why Jim Rogers Buys the Euro ?
When no one wants something that should be a signal to buy it. Everyone has been selling the euro so I bought some, if only for the rally.
This doesn't mean that I think European governments have got their act together. Far from it. But the euro could go up from a rebound rally so that's why I'm interested.
But generally I think paper money is flawed. Nearly every currency in the world is flawed, the euro just happens to be less flawed than others.
I've also been buying the Danish Kroner and the Swedish Kronor but I'm not buying any more now.
in The Telegraph
This doesn't mean that I think European governments have got their act together. Far from it. But the euro could go up from a rebound rally so that's why I'm interested.
But generally I think paper money is flawed. Nearly every currency in the world is flawed, the euro just happens to be less flawed than others.
I've also been buying the Danish Kroner and the Swedish Kronor but I'm not buying any more now.
in The Telegraph
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