Comments on: Rogers: Dollar to Be ‘Devalued’ http://www.ritholtz.com/blog/2008/11/rogers-dollar-to-be-devalued/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 16:28:59 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Mark E Hoffer http://www.ritholtz.com/blog/2008/11/rogers-dollar-to-be-devalued/comment-page-1/#comment-128978 Mark E Hoffer Wed, 26 Nov 2008 10:42:39 +0000 http://www.ritholtz.com/blog/?p=10857#comment-128978 to me, Rogers is illuminating the greatest potential threat to those that believe they have 'wealth' in the form of U$D, and/or U$D denominated contracts. DL, above, makes many of the necessary operative points. LSS: we have massive problems ahead of us, they will not be solved 'from the top', if we are to, begin to, correct them, it is, truly, up to each and every of us.. to me, Rogers is illuminating the greatest potential threat to those that believe they have ‘wealth’ in the form of U$D, and/or U$D denominated contracts.

DL, above, makes many of the necessary operative points.

LSS: we have massive problems ahead of us, they will not be solved ‘from the top’, if we are to, begin to, correct them, it is, truly, up to each and every of us..

]]> By: DL http://www.ritholtz.com/blog/2008/11/rogers-dollar-to-be-devalued/comment-page-1/#comment-128948 DL Wed, 26 Nov 2008 04:09:19 +0000 http://www.ritholtz.com/blog/?p=10857#comment-128948 I share many of Rogers’ concerns. He attempts to draw a historical comparison between the U.S. in the present and the U.K. in the past, and also a comparison between the U.S. and Japan. As he pointed out, Great Britain was the wealthiest nation on earth in 1918 and went seriously downhill over the next 30 years. I agree that it could happen to us, to some degree. There are numerous examples throughout history of empires collapsing; the Roman empire in particular comes to mind (although Rogers didn’t mention that). Also especially relevant is Japan in the 1990’s. They bailed out countless companies, and now their national debt is twice the GDP. One look at the Nikkei index over the last 20 years tells a lot of what has happened in their economy. I agree that what happened in Japan could happen here; and that some of what happened to (or with) the U.K. could happen to us as well. As far as specific investment ideas, he is particularly bullish on agricultural commodities (e.g., sugar), although he admits to being a “horrible” market timer. I agree that commodities will probably have a big run, but not yet. It may be another 6 months or more before the next bull market begins in crude oil, for example. His views are largely consistent with those of Peter Schiff. I share many of Rogers’ concerns. He attempts to draw a historical comparison between the U.S. in the present and the U.K. in the past, and also a comparison between the U.S. and Japan. As he pointed out, Great Britain was the wealthiest nation on earth in 1918 and went seriously downhill over the next 30 years. I agree that it could happen to us, to some degree. There are numerous examples throughout history of empires collapsing; the Roman empire in particular comes to mind (although Rogers didn’t mention that).

Also especially relevant is Japan in the 1990’s. They bailed out countless companies, and now their national debt is twice the GDP. One look at the Nikkei index over the last 20 years tells a lot of what has happened in their economy. I agree that what happened in Japan could happen here; and that some of what happened to (or with) the U.K. could happen to us as well.

As far as specific investment ideas, he is particularly bullish on agricultural commodities (e.g., sugar), although he admits to being a “horrible” market timer. I agree that commodities will probably have a big run, but not yet. It may be another 6 months or more before the next bull market begins in crude oil, for example.

His views are largely consistent with those of Peter Schiff.

]]> By: bdg123 http://www.ritholtz.com/blog/2008/11/rogers-dollar-to-be-devalued/comment-page-1/#comment-128735 bdg123 Tue, 25 Nov 2008 13:36:52 +0000 http://www.ritholtz.com/blog/?p=10857#comment-128735 I'm not sure why anyone listens to Rogers anymore. He is now 'wrong way' Rogers. He has absolutely no proof or data to support his outliers. Rogers should have written his book and walked away. Instead he keeps inserting his foot in his mouth about topics he doesn't know anything about. The prize fighter who can't seem to quit while on top. I’m not sure why anyone listens to Rogers anymore. He is now ‘wrong way’ Rogers. He has absolutely no proof or data to support his outliers. Rogers should have written his book and walked away. Instead he keeps inserting his foot in his mouth about topics he doesn’t know anything about. The prize fighter who can’t seem to quit while on top.

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