Karl Marx Is Probably Dancing
Reserve Earns Praise, but Not Our Politicians
by Marcus Reubenstein
”My suggestion is that people should move to Asia, and teach their kids how to speak Chinese,” says Jim Rogers, the man who made his fortune betting against Wall Street in the 1970s. In 2007 he took his own advice, moved out of Manhattan and set up shop in Singapore. He remains bullish about China and “countries that are going to benefit from the rise of Asia, such as Australia”. Marcus Reubenstein reports.
It’s 29 degrees Celsius, humidity has just edged past 93 per cent and Jim Rogers is at home pedalling away on his exercise bike. ”That’s the tropics,” he says. ”It’s hot and it rains.” Within five minutes a torrential downpour arrives to underscore his point.
His Asian admirers, of which there are many, would say he even gets the weather forecast right. Rogers does not have an iPod; instead a laptop computer is mounted on the handlebars, so he can keep an eye on the market.