JIM ROGERS

JIM ROGERS

Friday, September 25, 2015

Jim Rogers, Vince Bodnar & Bob Hoye

GoldSeek Radio - Sept 18, 2015 [BOB HOYE, JIM ROGERS & VINCE BODNAR] weekly




A Bull In China
Jim Rogers is the author of Adventure Capitalist: The Ultimate Road Trip and Investment Biker: On the Road with Jim Rogers. He is an investor who has been chronicled in Jon Train’s Money Masters of Our Time, Jack Schwager’s Market Wizards, and other books. He has been frequently featured in Time, The Washington Post, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times, and most publications dealing with the economy or finance. He has also appeared as a regular commentator and columnist in various media and has been a visiting professor.




Summary:
•From the Big Apple, NY, NY, Jim Rogers says the upcoming Fed rate decision tomorrow, Thursday, Sept. 17, could be a game-changing moment.
•The current implied probability of the 30-Day Fed Funds Futures indicates only a 22% likelihood of a rate hike at tomorrow's FOMC meeting.

• Nevertheless, the financial powerhouse shares Axel Merk's sentiments, Fed Chair Janet Yellen could surprise investors with a token rate hike.

• Eventually market forces will overwhelm monetary policies. He remains bullish, especially on the yellow metal in the long-term horizon.
•"... Gold will be in a bubble someday, don't worry..."
•Cash is king - his analysis indicates that the Greenback will continue to ascend for the time being, eventually culminating in bubble like conditions.
•He plans to sell his US dollar position at that point and back up the truck for a Fort Knox size gold shipment.
•The crude oil market may be reaching a nadir; a double bottom pattern could be the ideal entry point to boost portfolio exposure.
•However, Jim Rogers is less convinced that US equities have reached a frothy bubble like environment.
LTCG Chief Actuary, Vince Bodnar makes his debut on the show.

•From humble beginnings in the 1600's at Lloyd's of London Coffee shop, on Lombard Street, the insurance industry is integral to the modern world.
•Millions of people sleep soundly at night, knowing that their families, homes and autos are secured against unforeseen events and economic calamity.
• Actuaries quantify peace of mind, minimize the overall expense in turn maximizing benefit to the policyholder, society, shareholders and their firm.
•For instance, one predictive models involves credit score - evidently policyholders with high credit scores tend to have fewer traffic related accidents.
•Baysean analysis used by actuaries can vastly reduce the number of false positives, reducing unnecessary and sometimes dangerous procedures / expenses.
•One central concept emerging from the field involves the extended life span expected by millions of retirees.
•Living decades after retirement requires careful planning for not only the policyholder, but the insurance firm.
•Simple changes in lifestyle, such as vegetarian diet increases lifespan by over 7 years in females and almost 10 years in males.
•Chief Bodnar encourages all mathematically inclined listeners to learn more about the actuarial sciences as a profession.
•Bob Hoye, senior investment strategist at Institutional Advisors, and the host discuss the big rate decision.
•Policymakers are actually follow the rate trends, reacting to rates, not setting them.
•The economy is based on the beliefs and behaviors of at least 300 million Americans and billions of people worldwide.
•Attempting to quantify and then predict the related outcomes on such a complex system is fraught with challenges.
•The economy is far too complex to draw broad based conclusions from simple points.
•This is the Achilles heal of monetary policy. Although bullish on the gold sector, in order for the gold shares to rebound solidly, the underlying bullion must first stabilize.
•Keeping powder in reserve for buying opportunities is advisable
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Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.






Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "