Jim Rogers goes bearish on emerging countries including India except China
Tania Prasad
Jul. 2, 2007

The market guru has finally gotten bearish on emerging economies, including India. In an interview, Jim Rogers pointed out the bubbles in the emerging economies that have made young MBA from these counties flying all around the world. The situation is very similar to the Japanese economy in the late eighties, the American economy in the late twenties, and the American economy before dot com bubble bursts.

Rogers waits another round of buying of Chinese stocks and then the burst of the mother of all bubbles.

Are you still long India Inc.? It is time to sell and go short on Indian equities, especially the outsourcing sector. The higher wage and commodity inflation and rising dollar are acting against the Indian outsourcing sector. The sentiment in the western nation is decisively against Indian companies. The situation is similar to what happened with Japan in the late eighties. The Japanese carmakers blew it then. They just pushed and pushed until US President Ronald Reagan made a quota system forcing Japan to make cars in America. The Indian outsourcing companies were forced to operate in a way so that Americans and Europeans do not lose jobs.

Simply put, the Indian economic bubble has run its course. It is time to sell and go short on India Inc. for now.

Jim Rogers goes bearish on emerging countries including India except China
Tania Prasad
Rogers waits another round of buying of Chinese stocks and then the burst of the mother of all bubbles - are you still long India Inc.?
READ MORE>>

India and Kuwait have reached an agreement on resolving a dispute on air traffic rights
Media Release
Just before the expiry of the deadline, an MoU was signed on Saturday night by the civil aviation authorities of the two countries in Kuwait City after a marathon negotiations lasting three days, Indian Ambassador to Kuwait M Ganapthi said.
READ MORE>>

Centre has placed a massive purchase order for 27,000 laptops to be provided to the judges of the district courts across the country
Media Release
A small number of judges from every state have been invited to receive the first lot of these laptops at a function to be chaired by Chief Justice of India K G Balakrishnan here on July 9.
READ MORE>>

Japanese auto major Honda today said it plans to take on the likes of Maruti's Swift and Hyundai's Getz Prime with its global small car developed with the Indian market in mind
Media Release
On the company's small car, Aoki said although its a global product, the company's priority would be to cater to the Indian market first.
READ MORE>>

Trans Asian Railway will connect India with Singapore, Bangkok, Yangon, Tehran, and even cities in Turkey
Media Release
Travel by train to these cities is set to become reality with the proposed revival of the Trans Asian Railway, for which an agreement was signed by Railway Board Chairman J P Batra in New York.
READ MORE>>

Cement scraps lead rally in Sensex
Media Release
The benchmark BSE Sensex closed with a gain of 73 points on Thursday on emergence of buying by funds in blue-chip stocks led by cement and capital goods segments.
READ MORE>>

MORE ARTICLES >>