Monday, Jan 19, 2009
The global financial crisis has only strengthened renowned international investor Jim Rogers’ acerbic criticisms about the U.S. economy and his resoundingly optimistic view on China’s future.
Rogers, co-founder along George Soros of the Quantum Fund, railed at the Federal Reserve and incoming U.S. Treasury Secretary Timothy Geithner, while also saying the high saving rate and solid fundamentals in China make it a powerful force to be reckoned with.
“This is going to be the new centre of the world, not just the financial but the political world,” he said at the Asian Financial Forum in Hong Kong.
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Rogers, who is now an independent investor living in Singapore, said he was going to use the U.S. dollar rally in the last six months to get out of all his investments in dollar-denominated assets and keep buying Chinese equities, the Japanese yen and commodities.