INSUBCONTINENT EXCLUSIVE:
Mumbai: Investment guru Jim Rogers is not invested in India currently, as the market trends upward
I owned the Indian shares, but then after few weeks seeing that he did not do much, I sold Indian shares
that he has no investment in the Indian market right now, as he likes to buy stocks when they are going down, and not when they are headed
He has done a few small things
He gets great, great, great publicity all over the world and he is very well liked all over the world
You probably know all governments fudge their numbers all the time, especially during elections
numbers (Indian economic data) are real or not
Rising US oil production helped mitigate some of the disruption caused by US sanctions against Iran and Venezuela and supply cuts led by
OPEC and its allies.
He said he has been foreseeing a correction in the global equity markets, which would likely be the worst in his
I do not know when it is going to come, but I do know we are going to have it
we had a problem of too much debt
Since 2008, debt has skyrocketed everywhere
So when we have the next bear market, it is only going to be horrible
ones, leading to a crisis situation
Then Ireland went bankrupt
Lehman Brothers went bankrupt
Argentina, Venezuela, Turkey, some banks in India are having problems, we have issues in Indonesia; so it has already started showing