Jim Rogers vs. Marc Faber, Dog Fight Breaks Out in Asia

Beacon Equity Research ^ | 12/02/11 | Dominique de Kevelioc de Bailleul

[TigerLikesRooster]

Jim Rogers vs. Marc Faber, Dog Fight Breaks Out in Asia

Posted by Dominique de Kevelioc de Bailleul on Dec 02, 2011 | 2 comments

The dog fight between Thailand’s Marc Faber and Singapore’s Jim Rogers is on.

The point of contention is: Which way will commodities prices go now that China’s bubble economy appears to be headed for some sort of economic slowdown, contraction or crash? Sign-up for my 100% FREE Alerts!

“Well if we define a bubble as a period of excessive growth and artificially low interest rates, then China had a huge bubble,” Faber told King World News on Wednesday, reiterating his previous calls for a China economic hard landing. “Usually bubbles are not deflated by a soft landing, but by a hard landing and this concerns me, actually, much more than the European situation.”

/snip

Pundits to the Chinese hard landing scenario, including Jim Rogers of Rogers Holdings, in particular, took a swipe at Faber on Friday in an email to CNBC regarding Faber’s take on commodities as an investment.

“Marc still does not understand China,” stated Rogers. “There are going to be several hard landings in the next few years, but China’s will be less hard overall than others such as Greece, U.S., et al,” and added that he believes China’s economy will undergo some busts in some sectors but will be offset by booms in other sectors.

According to Bloomberg, Rogers continued his email with references to two great bull markets of the recent past, one in stocks from 1983 to 1999 and the other bull market in gold from 1971 to 1980, that underwent steep consolidations such as the one commodities have been going through today before resuming their climbs.

[TigerLikesRooster]

P!

[Matchett-PI]

“There are going to be several hard landings in the next few years, ...such as Greece, U.S., et al,”

http://market-ticker.org/akcs-www?post=198650

[GOPJ]

“There’s that very famous page in Kissinger’s book, I think, on China, in which Kissinger asked Zhou Enlai, who was the former leader of China, do you think the French Revolution was a success? And Zhou Enlia, after thinking about it for minute said, ‘You know, I think it’s too soon to say.’”

LOL