People should start looking at some Japan Shares

Jim Rogers: First off, you shouldn’t believe everything you read. What I said about Japan was that the Japanese stock market today is where it was in 1983 – that’s 28 years ago and so things are very cheap. Now there are reasons that they are cheap but they are so cheap that it seems to me that people should start looking at some Japan shares because Japan has reoriented itself. They are now a way to play Asia and a way to play China. So there are going to be great buys in Japan. It’s cheap. They reoriented the economy. I am not giving up on Japan at all.- in The Street.com

Best Commodity to play China

Jim Rogers: Any of them, all of them. The Chinese need everything. They have 1.3 billion people and they all want to live like you, and so you know everything: cotton, wheat, oil, everything. - in The Globe and Mail

How Jim Rogers invests in China ?

Jim Rogers : In China, I am doing nothing. I own Chinese shares. Whenever Chinese shares collapse, I buy more, but they are not collapsing yet. The only thing I am doing in China is I own the Renminbi and periodically when I can I buy more Renminbi. You can’t just pick up the phone and buy a lot Renminbi but there are ways to buy it and commodities. I mean if you want to play China, commodities are a great way to play because they have to buy cotton, they have to buy lead, they don’t have any choice.- in The Street.com

The biggest risk in China would be inflation not deflation

Jim Rogers: It’s a terrible idea. They need to crack inflation. They’ve got a serious inflation problem. Either they have to beat inflation internally or they have to make the currency convertible. They are apparently not going to make the currency convertible. Now if they continue with inflation, then they are going to have even more problems a year from now, two years from now. The biggest risk in China would be an inflation not a deflation scenario with property prices falling so much? The worst problem is that their inflation comes back – they have all of this money trapped inside of China and its sloshing around and it goes back into real estate. I mean they did this once before three or four years ago. They tightened up but then they got scared and then they loosened up again before they cracked the real estate [problem] and they may do it again – that would be a serious problem.- in The Street.com

The Chinese are trying to make real estate developers go bankrupt

Jim Rogers : Some parts of the Chinese economy are going to have a hard landing. The Chinese for two years now have been tightening up. They have raised interest rates six times. They have raised reserve requirements a dozen times. Just recently they started to loosen this up a little bit but they are trying. They are trying to bring down real estate, they are trying to make real estate developers go bankrupt so you are going to have a hard landing to use your terms in things like property in China. But other parts of the Chinese economy are going to continue to boom: water treatment, agriculture, farmers are not going to know that the real estate speculators in Beijing and Shanghai are going bankrupt because they are working too hard and making too much money so you are going to have sectors of the Chinese economy with serious problems but it’s not the whole Chinese economy. It’s not like it was here.- in The Street.com

France & Germany should not be AAA anymore

Jim Rogers: No, of course they shouldn’t. France certainly shouldn’t. There’s not many people that should be AAA anymore, maybe Finland, maybe China. I can’t really think of many countries that should be AAA anymore. - in The Street.com