Doom Gloom ScenariosNAG apparently intends to become a significant player incoal resource development in N America, but is the time still right to remainon course?
Bashers are glad to spread the news of doom and gloom – Asiapower generation down…..steel outputs down….coal price down…… oil collapsed………
Brought on by “DEMAND DESTRUCTION” as the saying goes.
While not neglecting what’s occurring now by way of newsflashes, it’s more important to be able to look into the future – what liesahead after the storm subsides.
Some people apparently have the ability to cast their visionfurther than most and see what’s ahead of the curve, and Jim Rogers is one ofthem that come to mind.
In the 90’s, he appeared on CNBC as guest host interviewinga fund manager who trumpeted the merits of his Mexican investments. Elsewherein the station’s programs, Rogers told his viewers that he was short Mexico andwarned of lots of problems over there. Indeed, before long the Peso crisis hit.
He foretold the China phenomenon as early as 1980 andpredicted the latest commodity supercycle before the end of the last century.
On the Bloomberg TV show Dec 24 “First Word 2009” with NigelStephenson, Jim discussed about the current economic events, governmentpolicies, USD, bonds and his focused investment – commodities:
“Fundamentals for autos, banks are impaired…… only thingsthat their fundamentals are not impaired, in fact are getting even better arecommodities ……..supply of everything is going to be in worse shape coming outof this…. serious supply problem before much longer……….even if we don’t comeout of this (recession), like in the 70’s the economy was bad but commoditieswent through the roof……..”
A worthwhile interview to watch for the insightful analysisfrom one of the most successful investors and fund managers of our time:
https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aLByy_OYRwbM
KT