I got a quick response to my Saturday column below from Jim Rogers, the investor who featured in it. I am posting it with his permission because I think it is of wider interest: “Great article! A couple of thoughts: Yes, China’s stock market may well be entering a bubble phase unless something saves them soon. However the small stock market is very different from the currency market. Having said that: The US dollar is overdue for a rally against many currencies. Whenever there is this much bearishness about any asset, it usually rallies for awhile. Who knows if it will this time? If it does, I hope to move the rest of my assets out of US dollars. We have moved to Singapore instead of China since the pollution is so horrible in China. The UK was the richest, most powerful nation in the world in 1918. Within one generation, it was a mess. Within 2 generations, it was bankrupt and had to be bailed out by the IMF despite some great rallies to the upside during the 2 generations. Those who moved to London in 1807 were brilliant. Those who moved to NY in 1907 were brilliant. We will see about those who move to Asia in 2007. I hope we can discuss this again before 2107, but will write again then in any case. Jim Rogers”

November 5th, 2007 in Finance | Permalink