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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (28936)4/29/2005 11:18:15 AM
From: Tommaso  Read Replies (2) of 116555
 
I think Rogers is right about almost everything, but then I have to recall that there was a time when I thought Paul Erdman was right about a lot of things. I guess that when I found out Erdman had been jailed for some time in Switzerland it should have told me something about him.

I think Rogers is correct that we are still in the early stages of what may be a long bull market in commodities, but I think he should have emphasized more forcefully than he does that you can still go totally broke buying futures in a way that you cannot do buying stocks on margin, even if you are right in the long run.

The book "Hot Commodities" has a lot of good information that could have been presented in half as much space. Rogers repeats himself frequently. Also, in telling about his own achievements, he omits telling how he got wiped out by going short against the stock market high-fliers too soon about 1972. The appendices are excellent and it has a good index--a rarity in cult guru how-to-get-rich books.

By the way, I got a brand new copy from an Amazon-listed used-book seller for about $11.00, so it would appear that Random House may have overproduced this particular commodity, which lists at $25.95 and only came out a few months ago. [g]

Incidentally, you can get "Paul Erdman's Money Book" for 50 cents (plus postage). Who knows? Like the "rough beast" in Yeats's poem, maybe Erdman's hour may have come round at last. [g]
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