"The only sector of the economy I know where the fundamentals are improving are commodities raw materials and natural resources" Jim Rogers

another busy week from Washington to Detroit to wall street all around the country and the world , so how are the most successful investors responding to today's economic conditions and what is the forecast for recovery : Jim Rogers starts by saying that the government numbers for the unemployment are all fake "they are embarrassing , I do not know why the people keep on paying attention to the US government Numbers anymore" if you read them they said that even construction has increased employment last month , now we now that's not true ...every category they say has increased and the main reason that they show these numbers , they have something called "the birth" and "death" adjustment , they make it up if you look at the birth and death adjustment we gained 247 thousand employees last month from the birth death adjustment ...so its a synthetic number ..to the question "if the recession is over or is not over can one make some money out of it ? " answer the recession is not over yeah we are in a period or phase where it is looking better , remember if suddenly everything drops and nobody buys anything , then someone goes and buys a toothpaste and some more beans or something then it will look better for a bit because we were not doing anything , then the government is shoveling up huge amounts of money and some people are getting the money and starting to spend it , but no there is a low back down probably this year or next year people will realize that the worse is not over ... question "if that's is your macro view , how should I put money to work today and I know that you have no shorts right now " answer "I have no shorts it is one of the few times in my whole life , I have always benn hedged or balanced except for one or two times in my whole life I believe that may be the stock market is Ok because they are flooding the world with money I do not have shorts but I am not buying stocks with fundamentals of most companies and most industries are still deteriorating .....despite this little rally , most industries are still deteriorating , the only sector of the economy I know where the fundamentals are improving are commodities raw materials and natural resources , farmers cannot get loans for fertilizers even though inventories that are lowest in decades nobody could get a loan to open them up , so you have supplies of everything continuing to decline , so if I am wrong and the economy goes up I am going to make money , if I am right and the economy goes down commodities are still the best place to be because they are printing so much money and whenever government have printed too much money thought history it led to rising prices , even if the economy is bad commodities are the best place to be






Jim Rogers world class investor and author co founder of the quantum fund and chairman of Rogers Holdings from Singapore

Chinese Bank Wants U.S. Bonds Issued in Yuan

what Jim Rogers was warning about for years seems starting to become reality , is it the end for the US treasury bonds , China a major client of the FED treasury bonds wants them issued in Chinese Yuan and no more in US dollar , this will certainly put an extra pressure on the already weakening dollar read the following article from the British paper Telegraph :
Malcolm Moore
Telegraph
June 8, 2009

Guo Shuqing, the chairman of state-controlled China Construction Bank (CCB), also said he is exploring the possibility of issuing loans to trading companies in yuan, allowing Chinese and foreign companies to settle their bills in yuan rather than in dollars.
and promote the yuan as a major international currency.

It was the first time the head of a major Chinese bank has called for the wider use of the yuan, although a chorus of senior government officials have already voiced their concerns about the stability of the dollar and have said the yuan should be used more widely.

“I think the US government and the World Bank can consider the issuing of renminbi bonds,” he said, asking for a “mutual cooperation” between the US and China to promote Chinese financial services. He said bond issuance could be relatively small, at between 1bn and 3bn yuan (£100m to £300m).

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