Professor Elam

Tuesday Jan 26, 2010

Here is a Bloomberg interview with Jim Rogers.

go to Amazon.com, enter Jim Rogers, and scan the books he has written. We used to read his tour of the world book in cost accounting. Rogers sold his townhouse in NYC before real estate fell apart and moved to Singapore, the future he says is in Asia. He makes that point in this interview.  Everything the US Govt is doing is chasing productive capital out of this country. Yesterday I posted the news of WMT laying off 11,200 employees. Say what you will about Wal Mart, they have their pulse on the economy and the trend. The trend is to shed not hire more employees. This is a clear sign to the Central Planners in Washington that their Plan is not working, yet I predict more of the same in the State of the Union Wed night, more Central Planning, more rules and regulations. As Rogers says, people are deciding to business in Asia.