Podcast: Jim Rogers On Follow The Money Radio

Latest podcast with Jerry Robinson (Follow the Money Radio)
October 2018

Topics discussed:

Jim Rogers views on the US Economy, the trade war with China and business in general.

There's No Such Thing As Winning A Trade War

There's no such thing as winning a trade war. Do you see what's happening with NAFTA right now? Mr. Trump is shouting from the rooftops that he's won but you look at the results it means that the price of cars are gonna go up a lot for American citizens. I'm not sure how that's good for America. Maybe it's good for a few automobile workers but it's not good for most Americans.

The Problems With The US Economy

Someone has to cut spending with a with an axe, not not with an axe with a chainsaw! Someone has to cut taxes, we have a gigantic litigation problem in the US... 

We spend two or three or four times as much on health care as any other nation in the world and yet we're not even in the top 25 for life expectancy. We spend huge amounts of money on education and yet we are even in the top 25 for education results... 

I mean I could go on and on and on. One of the reasons we have this huge balance of trade deficit is because the high cost of health care and litigation. It cuts our competitiveness a great deal.

Stock Market: Underneath There Are Problems Developing

Staggering amounts of debt are being created even more than in the past and who would have thought it possible that we could build up even more debt than before but we are. And it's going into markets but as you probably know not all stocks are going up.

In fact, a great number of stocks are going down and other countries in the world are not participating like we are in the US stock market. So, underneath there are more problems developing.

Peter Schiff: The Carnage on Wall Street Has Already Begun

October is just one week old and the carnage on Wall Street has already begun I wonder if the October complacency is starting to be shaken a bit with the down move that we see. The catalyst is rising interest rates which of course the markets have been ignoring.

Habits, Compound Interest & Self-Improvement

A great quote,

"Habits are the compound interest of self improvement." 

- James Clear, Author of Atomic Habits

Mark Minervini: How To Spot The End Of A Bear Market

"Once the masses accept every pullback as simply another buying opportunity and ignore the risk in stocks, the end of a bull market is near. This was the case during virtually every strong bull market in history."

- Mark Minervini, momentum stocks trader profiled in the Stock Market Wizards book (October 3rd, 2018)

Related trading instruments: SPDR S&P 500 ETF Trust (SPY), Russell 2000 Index ETF (IWM)