logicalsinger

Jim Rogers Believes World Is Heading for Depression

I don't think Rogers gets the fundamentals of wealth creation. At the root is the intellectual property machine which has been until now US-based innovation and technology. Emerging markets wealth is derived from that root wealth creation when American and European companies move to outsource manufacturing and services. Until you see major proprietary innovation and intellectual property (tech, pharma, media etc.) coming out of emerging markets, I wouldn't get too excited again about those markets.