For Turkey, Indonesia, India, Brazil - this is not Over Yet

For Turkey, Indonesia, India, Brazil - this is not over yet - "they have serious problems and are not being resolved."

The major problem is the Federal Reserve: with interest rates at such low levels, people can borrow lots of money - and America is printing a lot of money so there's plenty to go around

A lot of countries have borrowed money at cheap rates which covers up their problems... they haven't addressed their real problems; and so now, we have a huge problem facing us and it's going to get worse.

This is not over yet - you should be worried, be careful, and be prepared

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%.

Jim Rogers Shorting Emerging Markets like India and Turkey

Jim Rogers : I've been shorting some emerging markets like India and Turkey. If you can only visit one country in your life, I urge you, plead with you, to go to India. It's the most extraordinary country in the world for historic sights, breadth of culture, etc. But, boy, it's a hopelessly managed place. Countries like India, Turkey, Indonesia that have big balance-of-trade deficits could easily finance things when there's all this free money. But when people realize there won't always be this artificial liquidity, then there'll be problems. - in Barron's
 
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%.

Indonesia, India, and Turkey are all suffering huge Balance of Trade Deficits

 Jim Rogers : "Look at Indonesia, look at India, look at Turkey. They have got these huge balance of trade deficits which were easy to finance with low interest rates but now they are all suffering."- in BusinessInsider


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%.

Jim Rogers: Much of the world is going to have serious problems. India, Indonesia, Turkey

ET Now: You have said you are negative India because of a host of reasons. We have corrected a bit today. How much further do you think the Indian equity markets can slide down?

Jim Rogers: I am not very good at market timing or short term trading. I expect India to have serious problems. Much of the world is going to have serious problems. India, Indonesia, Turkey - you are not the only one. I am not picking on you, but your politicians and other politicians have made terrible mistakes and now we are going to have to pay the price.  - in ET Now


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%.

Jim Rogers to Turkish Press : Many Countries will sink , but Turkey will Rise

Many countries will go down, but Turkey will rise

Global Investor Jim Rogers, made comments on 2010 in an interview with The Turkish Sabah daily. Rogers said many countries and companies would go bankrupt in 2010, however, Turkey's future was bright. He said more crises were expected in the foreign exchange market this year, but based on the current conjuncture, Turkey would have a better future than many countries. Rogers also said that holding talks with the International Monetary Fund was nothing but loss of time.
Jim Rogers : “We will see many bankruptcies this year, however; Turkey’s future is bright.”

Jim Rogers, an investor well-known for determining the course of the global market, told SABAH about his predictions for 2010. “We may witness an increased number of bankruptcies experienced by both companies and nations. There may also be further crisis experienced in the foreign exchange market. At this conjuncture, Turkey appears to have a much more positive future than a number of other nations. An agreement with the IMF is nothing more than a waste of time.”Rogers went on to state that he does not believe an IMF agreement is the way to go and suggests Turkey find other sources to acquire funds.

According to Jim Rogers, Turkey is in a much better situation than a number of other countries. Rogers did offer his suggestion for Turkey, following the indefiniteness surrounding the establishment of an IMF agreement embarked upon since 2008. According to Rogers, the ongoing deliberations on a loan agreement have been ‘a complete waste of time.’

“Applying to the IMF for a loan is nothing more than a waste of time. What I have just said is just as valid for other countries as it is for Turkey.” Rogers states that the problems that may be surpassed by taking out an IMF loan will only come back as problems in a few years’ time. Rogers suggests that Turkey approach alternative methods if the nation needs funds, stating it will be healthier, and pointed to countries such as China and Japan as options, which are economic giants on the rise.
Source Sabah and Turkish Press