Comments on: Follow the smart investor Jim Rodgers http://www.1stMillionAt33.com/2008/10/follow-the-smart-investor-jim-rodgers/ A site to share my tips, tools, and humble thoughts on the journey to wealth Sun, 02 Oct 2011 19:26:45 +0000 hourly 1 http://wordpress.org/?v=abc By: Amit C http://www.1stMillionAt33.com/2008/10/follow-the-smart-investor-jim-rodgers/comment-page-1/#comment-4713 Amit C Mon, 27 Oct 2008 20:59:03 +0000 http://www.1stMillionAt33.com/2008/10/follow-the-smart-investor-jim-rodgers/#comment-4713 From what I have been observing and reading, inflation trend will come to the US when the dollar starts going down, not due to commodities incl. oil, the slowdown took care of it. This is currency impact and not so much worldwide inflation. It will hit precious metal too making them trade back to years ago values. Amit From what I have been observing and reading, inflation trend will come to the US when the dollar starts going down, not due to commodities incl. oil, the slowdown took care of it. This is currency impact and not so much worldwide inflation. It will hit precious metal too making them trade back to years ago values.

Amit

]]> By: WilSense http://www.1stMillionAt33.com/2008/10/follow-the-smart-investor-jim-rodgers/comment-page-1/#comment-4704 WilSense Sat, 25 Oct 2008 02:45:18 +0000 http://www.1stMillionAt33.com/2008/10/follow-the-smart-investor-jim-rodgers/#comment-4704 I agree with much of what Rogers espouses, but not everything. Early this year he was heavily pushing his advice to get out of the US -- getting out of US equities, as well as the USD, since the USD will be severely debased. He was advocating investing in foreign currencies and many emerging market stocks. His theory was that a severe US downturn would largely be contained within the US, and the rest of the world would be largely decoupled from us. Well, today it looks like Rogers' "decoupling" theory is totally wrong. Seems like everyone is hoarding US dollars to shore up capital to be defensive during the anticipated bad times. Every other asset class is plunging in value relative to the USD. US cash is king! Anyone have opinions on how long our current deflation scenario can last? And what signs to look for before putting cash back to work in other investments? WilSense I agree with much of what Rogers espouses, but not everything. Early this year he was heavily pushing his advice to get out of the US — getting out of US equities, as well as the USD, since the USD will be severely debased. He was advocating investing in foreign currencies and many emerging market stocks. His theory was that a severe US downturn would largely be contained within the US, and the rest of the world would be largely decoupled from us. Well, today it looks like Rogers’ “decoupling” theory is totally wrong.

Seems like everyone is hoarding US dollars to shore up capital to be defensive during the anticipated bad times. Every other asset class is plunging in value relative to the USD. US cash is king!

Anyone have opinions on how long our current deflation scenario can last? And what signs to look for before putting cash back to work in other investments?

WilSense

]]> By: market folly http://www.1stMillionAt33.com/2008/10/follow-the-smart-investor-jim-rodgers/comment-page-1/#comment-4684 market folly Mon, 20 Oct 2008 03:18:23 +0000 http://www.1stMillionAt33.com/2008/10/follow-the-smart-investor-jim-rodgers/#comment-4684 yea i generally agree with rodgers as well funny to hear him talk since he always sounds so agitated and angry haha -Jay marketfolly.com yea i generally agree with rodgers as well

funny to hear him talk since he always sounds so agitated and angry haha

-Jay
marketfolly.com

]]> By: occdude http://www.1stMillionAt33.com/2008/10/follow-the-smart-investor-jim-rodgers/comment-page-1/#comment-4681 occdude Sat, 18 Oct 2008 03:33:04 +0000 http://www.1stMillionAt33.com/2008/10/follow-the-smart-investor-jim-rodgers/#comment-4681 I would like to make a couple of points. First, I agree with you, we will survive this not because we're special human beings, but because we're Americans and it is hardwired in our collective DNA to resist government. Now I know we vascillate from one extreme to another, but the fact is that by and large American are NOT dumb, they're brutally efficient at minding their own business. What most people take for American stupidity is in fact a cultural mindset of international indifference, for lack of a better term. In spite of a few very loud big mouths, most Americans don't care. They are know they don't know, and most of them just want to be left alone. This recovery effort spurred by the federal government, where-as our cultural brethren in Europe are already fully under way destroying their currency. Those intellectual Europeans are so brutally efficient at being economically destructive. And in America we ebb and flow and ponder wheither it is governments business to intervene in the markets, the Europeans aren't even debating this fact, they are more then ready to lie down and surrender to the state, no questions asked. Their cultures are rife with war and the need to surrender to the collective. I think the possibility that we will have a VERY severe recession with a spate of significant inflation is very possible, but I think due to a significant percentage of Americans who both distrust and disrupt government activities along with the fortunate status of being a reserve currency is going to buttress this event significantly. My greatest worry, and with an economic crisis I think is becoming increasing unlikely, is that we will in a fit of idiotic hubris, think that getting us out of this mess involves going to war. I've heard so many economist cite WW2 as leading us out of the depression, I think that absurd fallacy has yet to work itself out of our conscience. Britain won the war and it was economically devastated, not to mention Japan and Germany, how good was war for them? War being an economic stimulating event is for the most part, the "broken window fallacy" on steroids. The economy is telling us something, the government like everyone else, believes that Americans are too stupid to understand the truth, so They're using smoke and mirrors to keep us placated, that would be severly underestimating us as people and as a country. The government needs to level with the people, let them know that what stares back at them in the mirror is the TRUE cause of this and also happens to be the solution. Americans have many values unlike anywhere else in the world. Those values include such things as un-pretentiousnous, honesty, independence/freedom,justice,acceptance of individualism and most importantly minding our own damn business. I think the real problem aside from economics are values. Values always precede economics because what is economics but an attempt at an ideal system of valuation? We'll muddle through this and I agree, we are going to be a very different looking country on the other side, BUT we're going to like what we see. I would like to make a couple of points. First, I agree with you, we will survive this not because we’re special human beings, but because we’re Americans and it is hardwired in our collective DNA to resist government. Now I know we vascillate from one extreme to another, but the fact is that by and large American are NOT dumb, they’re brutally efficient at minding their own business. What most people take for American stupidity is in fact a cultural mindset of international indifference, for lack of a better term. In spite of a few very loud big mouths, most Americans don’t care. They are know they don’t know, and most of them just want to be left alone.

This recovery effort spurred by the federal government, where-as our cultural brethren in Europe are already fully under way destroying their currency. Those intellectual Europeans are so brutally efficient at being economically destructive. And in America we ebb and flow and ponder wheither it is governments business to intervene in the markets, the Europeans aren’t even debating this fact, they are more then ready to lie down and surrender to the state, no questions asked. Their cultures are rife with war and the need to surrender to the collective.

I think the possibility that we will have a VERY severe recession with a spate of significant inflation is very possible, but I think due to a significant percentage of Americans who both distrust and disrupt government activities along with the fortunate status of being a reserve currency is going to buttress this event significantly.

My greatest worry, and with an economic crisis I think is becoming increasing unlikely, is that we will in a fit of idiotic hubris, think that getting us out of this mess involves going to war. I’ve heard so many economist cite WW2 as leading us out of the depression, I think that absurd fallacy has yet to work itself out of our conscience. Britain won the war and it was economically devastated, not to mention Japan and Germany, how good was war for them? War being an economic stimulating event is for the most part, the “broken window fallacy” on steroids.

The economy is telling us something, the government like everyone else, believes that Americans are too stupid to understand the truth, so They’re using smoke and mirrors to keep us placated, that would be severly underestimating us as people and as a country. The government needs to level with the people, let them know that what stares back at them in the mirror is the TRUE cause of this and also happens to be the solution.

Americans have many values unlike anywhere else in the world. Those values include such things as un-pretentiousnous, honesty, independence/freedom,justice,acceptance of individualism and most importantly minding our own damn business.

I think the real problem aside from economics are values. Values always precede economics because what is economics but an attempt at an ideal system of valuation?

We’ll muddle through this and I agree, we are going to be a very different looking country on the other side, BUT we’re going to like what we see.

]]> By: nate http://www.1stMillionAt33.com/2008/10/follow-the-smart-investor-jim-rodgers/comment-page-1/#comment-4680 nate Fri, 17 Oct 2008 20:14:23 +0000 http://www.1stMillionAt33.com/2008/10/follow-the-smart-investor-jim-rodgers/#comment-4680 Sorry to see you broke below $1mln net worth, hang in there. Sorry to see you broke below $1mln net worth, hang in there.

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