Sunday, August 28, 2016

Mr Rogers History Lesson

Strange voices are saying
What did they say?
Things I can't understand
It's too close for comfort
This heat has got
Right out of hand

Hadn't heard from Jim Rogers in a while. Here he explains what he's doing to position himself ahead of the next market catastrophe. Rogers has been an outspoken commodities bull but barely mentions them here outside of gold. Instead he discusses 'special situation' country markets such as Russia and Nigeria. And currencies.

He thinks China will come under more pressure the next time down due to its increased debt load. He also thinks that US markets are a short as they have yet to come down like other markets have.

Great quote on history: "The main lesson of history is that nobody knows the lessons of history."

position in SPX

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