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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (23014)	9/25/2007 8:15:29 AM
From: Arran Yuan	Read Replies (1) \| Respond to of 217656

A 20 to 30 % decline in average prices is a reasonable guess. That is quite a what Sir Alan often dubbed "sanguine" guess. Japan in 1989/90 - 2003/4 is of some reference here. I suspect China Re would do it, too! After got out in the Summer of 2005 (career opportunity rendered), I am waiting patiently to buy a piece or two here and there from banks (at discounted rate of foreclosure price?).

To: energyplay who wrote (23014)	9/25/2007 9:47:44 AM
From: elmatador	Respond to of 217656

Fed cut will hit Commodity prices:' Jim Rogers, cut interest rate was a mistake and it will lead to skyrocketing of commodity Fed cut will hit Commodity prices:' Jim Rogers, Commodity Online MUMBAI: Jim Rogers, one of the world’s leading investment experts and ‘the commodity guru’ says the US Federal Reserve's decision to cut interest rate was a mistake and it will lead to skyrocketing of commodity prices. Rogers correctly predicted the commodities rally in 1999 blasted the Fed Reserve saying: “The clowns in Washington have signaled to the world they don't care about the U.S. dollar.” Last year, the Fed had reduced its benchmark interest rate by half a percentage point to 4.75 percent. Rogers who is best known for his famous book ‘Hot Commodities’ said that the commodities rally will certainly may last 15 more years and crude oil may reach $150 a barrel during that time. In the last one year, crude oil has risen 32 percent, and last week it reached a record $83.90 a barrel. Last month, Rogers had said that agricultural commodities were the place to be in and that investors should buy them over stocks and bonds. Saying that the Fed decision to cut rates will lead to the price hike in commodities, he advised against buying wheat that is now the most expensive commodity like corn, soybeans and cotton. Rogers warned that the Fed interest rate cut will lead to inflation and take the US economy to recession. “Every time the Fed turns around to save its friends on Wall Street, it makes the situation worse,” Rogers said in an interview with Bloomberg. “f Bernanke starts running those printing presses even faster than he's doing already, yes we are going to have a serious recession. The dollar's going to collapse, the bond market's going to collapse. There's going to be a lot of problems in the U.S,” he added. Rogers advised investors to sell US dollars and bonds.