The big picture with Jim Rogers
Today, I wanted to share this recent interview with Jim Rogers. Nobody explains the big picture better than he does. Jim covers a lot of ground here. He talks about “Black markets”, Agriculture, Gold, Market Manipulation*, Singapore vs. Switzerland, Bernanke, Stocks, Bonds, Japan, Europe, China… By the way, if you want to skip the commercial break at minute 7, move forward to minute 9 where the interview resumes.
* I think it is clear that all markets are manipulated as interest rates are set and money/credit created by central banks. I believe that the main reason Mr. Rogers does not pay serious attention to manipulation is due to his long-term investment strategy . In the long run, the markets always prevail and any short-term market manipulation should thus be viewed as an opportunity to accumulate/sell an asset that is artificially held down/up in the short-term.