DSX Lover

Jim Rogers' Picks and Pans - Barron's Interview

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.