Thursday, January 13, 2011
Predictions 2011: Jim Rogers, Marc Faber and Richard Russell agree
What do Jim Rogers, Marc Faber and Richard Russell have in common? All three men possess a gift for analyzing financial markets independently and cautiously, and do so with decades of experience. Each man sells nothing but what’s on his mind—the best kind of advice to cautious investors.
All three expect 2011 to be a troublesome year, with the growing possibility of unpleasant surprises, turmoil and wealth destruction.
Starting with Rogers, the commodities market prodigy of the famed Quantum Fund: he expects all real assets to enjoy a tailwind of inflation as central banks worldwide bailout banks, businesses and sovereign nations with as much fiat currency as required to forestall default.
“We’re going to, I think, see some of the highest prices we’ve ever seen in many commodities in 2011,”