“Normally, when markets move as per anticipation, one should sell as an expression in financial markets — buy on rumours and sell on news.  If I were an Indian, I would probably sell into this kind of excitement.  I am sceptical about India because I have seen Indian politicians for decades.  Everyone knows that India has been badly managed for decades. There are concerns about inflation, trade deficit, high debt-to-GDP ratio. Whether Modi can solve all these problems, I don’t know, I am still sceptical.  If India makes currency convertible and opens the markets to all investors, where anyone can bring money in and take it out, then only I would get excited.”

http://economictimes.indiatimes.com/opinion/interviews/now-is-the-time-to-deliver-on-promises-but-i-am-sceptical-says-jim-rogers-chairman-of-rogers-holdings/articleshow/35234622.cms

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy