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Politics : Illyia's Heart on SI -- Ignore unavailable to you. Want to Upgrade?

To: illyia who wrote (4879)	1/12/2008 10:00:42 PM
From: illyia	Respond to of 7567

Rogers Says U.S. to Have Worst Recession `in a While' (Update4) By Saijel Kishan and Mark Barton Bloomberg 1-7-08 Jan. 7 (Bloomberg) -- The U.S. economy is heading for a recession that will be the worst ``in a while'' and investors should sell the dollar as global currencies weaken, investor Jim Rogers said. ``It's going to be one of the worst recessions we've had in a while because we had so many excesses going into it,'' Rogers, chairman of New York-based Rogers Holdings, said in a Bloomberg Television interview today from Singapore. ``It's going to be bad for all of us as currencies come under more and more stress and we have more inflation in the world.'' The U.S. and U.K. governments have been ``lying'' about inflation, Rogers said, adding that he's has been selling their respective currencies. The dollar dropped for a second straight year in 2007, falling 8.3 percent on a trade-weighted basis as the collapse of the U.S. subprime-mortgage market prompted the Federal Reserve to cut interest rates three times. Rising energy and food prices have pushed up inflation in the U.S. and Europe. ``I hope by the end of this year all of my assets will be out of the U.S. dollar,'' Rogers said. ``The dollar is a currency that's terribly flawed and it's going to be under duress for many years to come.'' Rogers said in a Nov. 15 interview that investors should sell the dollar and that he expects to be rid of all his U.S. currency assets this year. He reiterated today that he's also buying the Chinese yuan and the Swiss franc as other currencies weaken. Agricultural Commodities Rogers, whose commodities index has more than quadrupled since 1998 when it was started, said that agriculture may be the best investment among commodities in the event of a world recession. ``If you're worried about a recession, you might think about buying agricultural commodities,'' Rogers said. ``I suspect agriculture is going to do well no matter what happens to the world economy.'' A decline in crop yields because of droughts from Ukraine to Australia, combined with rising demand for biofuels, has spurred a rally in agricultural commodities that sent wheat to a record last month and corn and soybeans to multi-year highs. Cotton, coffee and sugar may gain the most, he said, adding that he wouldn't buy crude oil after prices rose above $100 a barrel last week, or industrial metals such as tin or lead because a slowing U.S. economy would curb demand. Commodities are in their seventh year of gains because of a lack of investment in production capacity and rising demand from expanding economies in Asia. They have also gained as the U.S. dollar fell, making resources such as oil and wheat, which are denominated in the U.S. currency, cheaper for foreign buyers. Rogers said commodities will gain even if the dollar declines, because of supply shortages. ``All commodities are going to be in much shorter supply for another decade,'' he said. ``So even if the dollar goes up, commodities are going to go higher.'' To contact the reporters on this story: Mark Barton in London at barton1@bloomberg.net ; Saijel Kishan in London at skishan@bloomberg.net Last Updated: January 7, 2008 12:55 EST bloomberg.com

To: illyia who wrote (4879)	2/20/2009 3:13:07 PM
From: siempre33	1 Recommendation Read Replies (1) \| Respond to of 7567

4th quarter 2009 – Beginning of Phase 5 of the global systemic crisis: phase of global geopolitical dislocation... leap2020.eu!-4th-quarter-2009-Beginning-of-Phase-5-of-the-global-systemic-crisis-phase-of-global-geopolitical_a2805.html?PHPSESSID=f62f80b96fa2073b2e7c4aeb3d7b7d9c We had hoped that the decanting phase would give the world’s leaders the opportunity to draw the proper conclusions from the collapse of the global system prevailing since WWII. Alas, at this stage, it is no longer possible to be optimistic in this regard (1). In the United States, as in Europe, China and Japan, leaders persist in reacting as if the global system has only fallen victim to some temporary breakdown, merely requiring loads of fuel (liquidities) and other ingredients (rate drops, repurchase of toxic assets, bailouts of semi-bankrupt industries,…) to reboot it. In fact (and this is what LEAP/E2020 means ever since February 2006 using the expression « global systemic crisis”), the global system is simply out of order; a new one needs to be built instead of striving to save what can no longer be saved. edit: LEAP2020 has gained great respect for its forecasts, which have proven credible....consider it a great world intelligence site, much like worldreports.org...