Market Vectors - Chinese Renminbi/USD ETN (CNY)

All Comments on CNY

  • commenter
    john haskell
    Apr 14 09:00 AM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    he woofed and woofed at great length about "I'm going to move to China, just you watch, I'm going to move to China," then moved to Singapore, "so my daughter could learn the language" in a city where they have to have a "Speak Mandarin Campaign" to get people to speak Mandarin instead of Hokkienese and English is one of the official languages. Oh, and did I mention Russia is going to break up into a congerie of warring tribes? Whatever. Reply
  • commenter
    huangjin
    Apr 14 08:43 AM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    He moved to Singapore because China is too polluted. Reply
  • commenter
    SA Editor
    Eli Hoffmann
    Apr 14 08:26 AM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    Anonymous,

    Not according to Barron's.     Reply
  • commenter
    anonynous
    Apr 14 08:25 AM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    Jim Rogers moved to Shanghai, not Singapore. Reply
  • commenter
    hugoh
    Apr 14 08:01 AM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    It would be helpful for everyone to remember that Jim Rogers does not claim to be a trader, a person involved in shorter-term market strategies. He looks at things with a years-long viewpoint. Reply
  • commenter
    karchad
    Apr 14 07:09 AM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    I remember this guy on TV predicting massive inflation for 20 years. I guess if you predict anything long enough and wait, it will come about. He has very little credibility in my opinion. Reply
  • commenter
    fxtrader07
    Apr 14 06:53 AM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    @bearfund: i agree, but rogers didn't recommend cny and Etns at all. in the article is clearly stated that these were remarks inserted by the editor suggesting some ways to play roger's recommendations.
    and i agree, it's tough to play china from a distance without incurring too much risk. therefore, for all the chances that are there, i would not put more than 10-15% of my funds into china. it will likely be a safer way to play european and american companioes that stand to gain from the growth in china rather than owning some fishy domestic chinese companies where you can get screwed any time.     Reply
  • commenter
    strangewalk
    Apr 14 02:28 AM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    It's scary to contemplate that China could actually become the dominant world power. Article after article and book after book that I've read by insiders and experts consistently ring alarm bells, based on factual documentation, as to the pervasive government and business corruption, the absolutely god-awful environmental degradation (which is getting worse), the police state control and authoritarianism (fascism?), not to mention the opaque (is it crony capitalism or just corrupt communism?) economic system. The most basic service any government can provide to people is to ensure the safety of drinking water, and in China water from any faucet in any city or town will kill you! (even bottled water is suspect owning to the overwhelming degree of counterfeiting). The police here are all on the take, they're some of the worst gangsters, and ultra-nationalism is shoved down everyone's throat from all directions. I live here so I know somewhat of what I say. I've seen Rogers interviewed stating that China "is the best governed country in the world" (I'm glad he's an economist and not a politician)...By the way, isn't this something like what Lindbergh said at one time about Hitler's Nazi Germany? Reply
  • commenter
    Whidbey
    Apr 13 09:50 PM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    When you travel in China you become suspicious that it is not so much a country as as a group of tribes which do not know each other very well. The political insecurity of inlands v. coast should worry all investors, even Rogers. China is barely a nation state with many years to go before it is a power in the 20th century definition of that word. They are missing basic financial, poliical and technical systems, and they are not making consistent progress. We can wait to buy. Reply
  • commenter
    richjoy
    Apr 13 08:42 PM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    Jim Rogers is spot-on with regard to the growing influence of China (unfortuntely, some of us let our nationalism interfere with our pragmatism). This shift is moving slowly as China makes reforms in both it's economic and political institutions. It should be expected that China's economy will have massive peaks and valleys as reforms are implemented. I've seen a number of Jim Rogers interviews -- it would be helpful if he would make it clear that investments in China have huge short-term risks to go along with the equally huge long-term potential rewards. Reply
  • commenter
    Georealist
    Apr 13 08:27 PM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    I know Jim Rogers is an icon...and people..some anyway..may think this is a great article (its not..it's a coattails coast off Rogers timeworn themes...)
    but its really a rehash of a rehash.
    Rogers..and he HAS been successful..rides around on a motorcycle or travels somewhere exotic every few years and make some observations..usually very keen. But observations are like frozen foods...they have a shelf life..and Rogers shelf life has expired months ago.
    The China story is VERY long in the tooth..you'd actually be better served looking to Japan or even Singapore in the East. The BEST commodity plays are oils/gas and their domestic (US MLPs) and near domestic (Canadian trusts..dirt cheap and VERY safe)..As for water..its tha infrastructure and equipment plays that are far better...but we didn't get any of these from the "pretend" article..did we???     Reply
  • commenter
    Howard H Sun
    Apr 13 07:24 PM
    My Website
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    I know Jim Rogers has been long the Chinese market for several years now. In fact, he's been an advocate of the commodity and Chinese bull market since the very beginning of the run, when few believed the market could sustain for so long.

    For those naysayers, it's time to admit the truth - the US is becoming less of a superpower every minute. Don't be muddled by all the mass-media propaganda. Even when all the economic indicators point toward a recession, we can't POSSIBLY be in a recession. Right?     Reply
  • commenter
    DSX Lover
    Apr 13 06:53 PM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    Who's going to keep paying 100% increases year over year in commodities while being able to afford them? commodities are so overvalued, and with 8.5% Chinese inflation is just a matter of time before they begin plunging. It seems so fair to say that there's is economic growth in Chindia with over 2.5 Billion in people, but the sad truth is that over half of them are poor, and no one can sustain a 100% increase in commodities, Specially because the income of these poor people did not doubled from last year. Counting the days, wheat, oil, and corn go down like falling knives. As for shorting C, I'm not so sure, over 50% of the Business is International, if shares don't recover they are going to be buying back their own stock like crazy within the next 6 months. Reply
  • commenter
    Justin Rietz
    Apr 13 04:23 PM
    My Website
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    You can also buy RMB directly (up to $50,000 I believe) by opening an account at Everbank.com. (I am not associated with Everbank). Reply
  • commenter
    bearfund
    Apr 13 02:17 PM
    Jim Rogers' Picks and Pans - Barron's Interview [view article]
    China's great, but there are few good ways to play it; the regulatory opacity sucks and ETNs expose you to the exact risks you are trying to avoid if you believe China is replacing the US as the great nation of the 21st century. CNY? No thanks. It's high-yield paper issued by MS. That pretty much counteracts the major upside potential. I don't understand Jim's bullishness on it; he's willing to make unsecured loans to the same companies he's shorting.

    Indirect exposure is better unless you have big-time resources. If you want to bet on the RMB, just go short Treasuries. A rising exchange rate means the PBOC isn't printing as much to buy dollars and American debt. And with the dollars they do have, they're looking for better yields. This is much safer than any ETN and takes advantage of other macro trends, not just China. Pair the trade with long positions in commodity ETFs, not ETNs, on any corrections.     Reply

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