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Jim Rogers and Stephen Roach on Commodities

 
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schong719
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PostPosted: Thu Oct 26, 2006 10:29 pm    Post subject: Jim Rogers and Stephen Roach on Commodities Reply with quote

Jim Rogers and Stephen Roach on Commodities - Who is right?

A Forbes article pairs off commodities bull Jim Rogers with Merrill Lynch’s bear Stephen Roach. Here are a few excerpts; click the link above for full text.

Jim Rogers says, “This is a great time to invest in commodities.... Supply of things like base metals, oil and rubber is crimped after years of underinvestment in mines and oilfields and farms, he says, so prices are heading up. And they will go up, with some transitory hiccups, well into the next decade and perhaps even the one following. Copper, zinc and oil have all at least doubled in the past three years. You'll see more doublings in many more commodities.”

Stephen Roach says, “commodity prices could fall another third from here, putting an end to silly notions of a so-called supercycle of commodity increases. The culprits: slowing growth in China, a voracious buyer of commodities, and a U.S. housing recession that, he says, will slash demand for building materials like copper and weigh down the global economy.”
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