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krisluke
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25-Apr-2011 21:31
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JIM ROGERS: Short Treasuries And Buy Commodities, Particularly Natural Gas And SilverIn an interview with ET Now, Jim Rogers , Chairman, Rogers Holdings , talks about the things and segments he is bullish on as
well as his top trade for the coming year. Excerpts:
ET Now: Last time when we interacted with you, your parting comment was to eat rice with silver chopsticks. Are you still bullish on rice and silver?
Jim Rogers: I still have all of my rice. I use silver chopsticks as well and I have not given up yet. ET Now: What do you make of the latest warning which has come from the International Monetary Fund, where they have flagged off that ETFs at global level are causing rampant speculation in commodity prices?
Jim Rogers: The International Monetary Fund (IMF) has little concept of what it is talking about. I do not know why everybody pays attention to those guys. They have gone wrong about everything in the past 60 years. We would be better off without them.
If they see speculation, I would like to know where it is. Some commodity prices are up, but nothing is terribly overpriced.
ET Now: Do you think FED would stop buying bonds after 30th of June once QE2 ends? Jim Rogers: I presume that they will stop buying bonds at least for a while because they have said so many times that they are going to. I do not know how long that would last because as you pointed out who is going to buy US bonds at that point and who is going to
supply the liquidity to the market.
I would suspect that after a while, they will be back. Who knows what they will call it? They will make up a new name, but they will be back, they will be printing money again next time things go bad.
ET Now: Would you go short on US bonds given the fact that how cost of capital in the region is now moving up? Jim Rogers: Yes. I plan to sell short US government bonds sometime in the next few weeks, months. Interest rates all over the world are going to go higher. We have inflation, staggering debt problems and currency problems
facing us. So interest rates are going to go higher.
ET Now: Do you think politicians in emerging markets would try price controls for tackling inflation? Jim Rogers: They are causing the inflation. These bureaucrats always try to blame somebody else. They have been printing staggering amounts of money. It causes inflation and they blame the inflation on somebody else.
I am sure they are going to try price control. Politicians always try price control and they never work. They always make the situation worse when you have price controls. If you say to a farmer you can only sell your rice for Rs 3,
  he is not going to produce any rice.
If you say to consumers, rice only costs Rs 3, they are going to eat a lot of rice and so you have huge shortages. Prices get worse, the crisis gets worse and eventually prices skyrocket. Then the politicians realise they have done it wrong again.
ET Now: Would agri commodities continue to attract strong capital despite government pressure on price controls? Jim Rogers: I am still optimistic about agriculture. Prices are up, but they are not up near enough to bring new investment capital into agriculture. We have a shortage of farmers developing around the world.
We have shortages of everything in agriculture.
The average age of farmers in some agricultural states in the US is 58-year old. In 10 years if they are still alive,   they will be 68-year old. In parts of Japan, there are huge vast empty fields because there is nobody to farm.
We have serious problems facing us. Prices have to go much higher in order to attract people into agriculture and to attract capital.
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krisluke
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25-Apr-2011 21:19
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Politics In 60 Seconds: What You Need To Know Right Now  Good morning!  Here's what you need to know: 1.  The Wall Street Journal reports: " Hundreds of imprisoned militants escaped from a high-security prison in Kandahar city through a long tunnel dug by the Taliban, in a spectacular jailbreak that showcased the insurgency's sophistication and dealt a serious blow to U.S.-led attempts to stabilize southern Afghanistan."   2.  The Financial Times reports: " Syrian troops in tanks and armoured vehicles poured into the southern town Deraa and opened fire on Monday, residents said, in the latest bloodshed in a crackdown on protests that has escalated sharply in recent days." 3.  The pressure on the US to " do something" in Syria is mounting exponentially, as an Iranian-allied regime cracks down on a largely Sunni uprising of popular protest.  Put another way, Syria is Libya with a real US national security interest at stake. Walter Mead has a hard-headed analysis. 4.  NATO appears to have targeted Libyan strongman Muammar Qaddafi for assassination.  The New York Times reports: war planes early Monday morning struck Col. ’s compound here for the third time, destroying a complex of offices and meeting facilities in an evident escalation of the air campaign to aid the rebellion against his four decades in power." 5.  The Mexican drug wars have claimed the lives of at least 35,000 people. At each step along the escalation, the violence gets more savage. And then it gets worse.  6.  It looks as though German Chancellor Angela Merkel is " on the verge of losing her majority over the domestic legislation of the European Stability Mechanism (ESM), the long-term financial umbrella for the eurozone."   Wolfgang Munchau continues his excellent commentary on the unraveling of the eurozone. 7.  Mike McConnell persuasively argues that the US and its allies are ill-prepared for cyberwar and that immediate steps -- especially " hardening" the cloud against attack -- must be taken to avoid disaster. 8.  The National Labor Relations Board (NLRB) has filed a complaint against aircraft manufacturer Boeing, saying that it is opening a plant in South Carolina to retaliate against labor unions in Washington State.  The NLRB seeks to prevent Boeing from opening the South Carolina facility. 9.  Kathleen Parker argues that the NLRB's move against Boeing is mis-guided at best.  10.  Mitch Daniels already has a narrative for his 2012 GOP presidential campaign bid he says the country must deal with its debt or decline.  What he hasn't yet made is a firm commitment to the job of running.  He's still on the fence.  11.  Mike Bloomberg advises Donald Trump to drop the " birther issue" if he goes forward with his supposed presidential campaign.  Clive Crook argues that the Republicans may choose to lose the 2012 presidential election by nominating a weak candidate. 12.  You already knew this: Paul Krugman endorses higher taxes to pay down the deficit. |
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krisluke
Supreme |
25-Apr-2011 21:12
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10 Things You Need To Know This MorningGood morning! Here's the news:
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krisluke
Supreme |
25-Apr-2011 21:08
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10 Things You Need To Know Before The Opening BellGood morning. Here's what you need to know.
BONUS: Paris Hilton will testify against Nathan Parada who tried to break into the socialite's Beverly Hills home last year. |
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krisluke
Supreme |
24-Apr-2011 21:14
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Can Try Comfort Delgro Stocks, It Reminds me of London yellow cab |
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krisluke
Supreme |
24-Apr-2011 21:09
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Any one here interested to bot ST index listed NOL before GE ? |
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krisluke
Supreme |
24-Apr-2011 21:06
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That's all I can think of the GE snapshot  next week. Any great funny... Kindly contribute here | ||
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krisluke
Supreme |
24-Apr-2011 21:04
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Singapore Women party requesting more seats for Female... Singapore America style  |
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krisluke
Supreme |
24-Apr-2011 20:55
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Good and Service Tax (GST) will not be raised for the next five years  BTW, Do singapore really need GST like Ang mio countries? ?? Is Singapore don't have free trade agreement for imported good? ??
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krisluke
Supreme |
24-Apr-2011 20:49
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Housing in singapore presently |
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krisluke
Supreme |
24-Apr-2011 20:44
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Housing in Singapore  will be sufficient in good years ahead. Tampines MP |
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Hulumas
Supreme |
24-Apr-2011 19:07
Yells: "INVEST but not TRADE please!" |
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Handsome and talented Youth, those are all I should say!
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krisluke
Supreme |
24-Apr-2011 18:52
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GE days countdown... what to bet? ?? I think AUD will goes up during singapore GE. If PAP won big or  BIG BIG, then Singdollars will olso goes up soon.... in term of $ Value The FUN is not on equity but foreign exchange on the coming week  Think !!! singaporeans wishes to fulfil... Chance to travel  abroad  and hope  standard of living  is affordable in singapore contents.   |
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krisluke
Supreme |
24-Apr-2011 18:45
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Enjoy the fun on first week of may 2011. First holiday, labor day, follows by general election on saturday. The happiest souls among all  will be those employed 5.5 days.... Month end (April) coming, do watch out for window dressing next week. |
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krisluke
Supreme |
24-Apr-2011 18:40
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What The Brokerage think about the upcoming election will impact the ST index . It's from CIMB Singapore 11th General Elections will be held on 7th May. Unlike elections in neighboring countries, GEs here generally have little or no impact on overall economic growth investment implications more spurious. We do expect a strong market later this year, with our OVERWEIGHT rating on FSSTI premised on: 1) its below-mean valuations and 2) its exposure to global growth. |
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krisluke
Supreme |
24-Apr-2011 18:30
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PM picture  of his  younger days |
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krisluke
Supreme |
24-Apr-2011 18:27
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SHOW TIME !!! Lightning Vs Hammer .... I think it just to work out the fundamental relationship between working  in the  hot sunny day  or  during the cool wind blows and signal rainfall is approaching soon. Hammer, Hmmm .... it do remind me of constructing houses... Lightning before rain is only an early warning of weather change.    |
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krisluke
Supreme |
24-Apr-2011 16:56
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BOJ Shirakawa sees Japan economy contraction in Jan-June - WSJ
TOKYO, April 23 (Reuters) - Bank of Japan Governor Masaaki Shirakawa said the country's economy will likely shrink in the first half of 2011 due mainly to stalled output in the wake of Japan's March 11 earthquake and tsunami, the Wall Street Journal reported on Saturday.
  " We are now expecting production and GDP will decline in the first quarter and the second quarter," Shirakawa said in the interview conducted on Friday, echoing the views of most private-sector economists who also see a first half contraction.   The focus is now on how quickly the Japanese economy will return to growth. This largely depends on when supply chain disruptions will ease and to what degree power shortages could affect factory output during the peak summer period.   Shirakawa was quoted as saying supply constraints would likely continue at least until August before recovering.   " Once supply capacity is recovered, then the Japanese economy is moving back to the original growth path," Shirakawa said in the interview.   The BOJ is expected to hold off on any further easing of monetary policy next week but will likely reiterate its readiness to act if the quake's damage threatens Japan's return to a moderate economic recovery. [ID:nL3E7FK02I]   In a twice-yearly outlook report to be issued at next week's rate review, the BOJ will cut its economic forecast for the current fiscal year, which began on April 1, from its January projection of 1.6 percent growth to reflect the impact of the quake, sources familiar with the BOJ's thinking have told Reuters.   But many in the bank agree with the dominant market view that Japan will avoid a contraction for the full fiscal year as growth is expected to pick up from around autumn. (Reporting by Leika Kihara Editing by Nathan Layne) |
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krisluke
Supreme |
24-Apr-2011 16:54
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I've key wrongly the shrink for japan... It suppose to be first half of 2011 (Jan-June) | ||
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krisluke
Supreme |
24-Apr-2011 16:51
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China imported iron ore stocks up 4.5 pct in week to April 22
BEIJING, April 22 (Reuters) - Stocks of imported iron ore at major Chinese ports soared 4.5 percent this week to end at 83.11 million tonnes, a record, figures from industry consultancy Mysteel showed on Friday.
  The surge was mostly due to a 13 percent increase in stocks originating in Australia, China's biggest supplier, but Brazilian inventories also rose 6 percent over the week.   Bucking the trend, ore stocks from India fell 6 percent from last Friday.   Traders said Chinese steel makers are currently preparing to stock up on iron ore ahead of the Labour Day holiday at the beginning of May. [ID:nL3E7FM05K]   According to detailed data released by China's customs authority this week, January-March imports of Australian iron ore stood at 68.17 million tonnes, up 5.65 percent year on year and accounting for 38.5 percent of the total.   Brazil delivered 40.03 million tonnes of ore to China over the same period, up 29.3 percent and making up 22.6 percent of the total.   A ban on iron ore exports from Karnataka state since last July has led to a decline in Indian shipments to China, which stood at 26.47 million tonnes in the first quarter, down 20.2 percent and accounting for 14.9 percent of the total. |
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