Jim Rogers Rogers Holdings asks what is Fitch waiting for? America should have been downgraded a long time ago. They are already bankrupt. But right now too many people are bearish on the dollar so it might strengthen in the short term.
Hopefully interest rates will go up in India. They are doing a much better job than the United States central bank.
Jim Rogers Rogers Holdings says OPEC has rarely come to a consensus. They are always cheating on each other. OPEC is not nearly the force that it used to be. The market is much more important. The world is running out of known reserves of oil. The price is going up unless someone finds a lot of oil really quickly.
China is trying to slow their economy. Everyone realizes that there is inflation. We are also running out of known supplies.
You shouldn’t buy gold or silver at these current prices, but you should buy more if the price comes down.
People are using agriculture products for fuel. It is not a good or efficient use of resources. It wastes water. But politicians love it because they can reward the farmers in the name of domestic energy production.
Sugar will be stable and perhaps will go up. As people get more prosperous, they will probably want more sugar. Cotton is another great market.
Finally, Jim Rogers Rogers Holdings says that things are slowing down, and with less money printing, things will slow down some more. But with elections coming up, they will find a reason to create more money, but it isn’t a good thing.
