"Self-adjust" presupposes the market has a brain capable of directing these adjustments. The market has no brain. None, none at all. It is incapable of thinking.

His argument is actually to allow chaos, to build no shelter, because the wind and rain will eventually subside.

And besides, inflation is an adjustment - no more harmful than any other adjustment.

Actually, the market does have a brain. It is the combined brain of a hundred million traders, big and small, as they decide to buy or sell. It is interesting the article is about hyper-inflation but it is never metioned in the body of the text.

Rogers does not have to explain to me as I believe that a substantial amount will begin in March. To those that think this is over - wait until you see what shows up between now and than. I suggest that you do a "loupe" view of Europe and the U.K. regarding the housing industry. You know what we have here, and my lads, it is over there as well. It is not in default, or as the Brits say, Repo - yet.
Food prices are UP - all over.

There is no such thing as a "combined" brain. It's a myth.

Jim Roger's can eat my shorts

...And this a big change of thought for me. I got a lot of respect for Rogers but I think like many economists and traders who have a good understanding of the markets, they let ideology (in this case neo-liberalsim) get in the way of recognizing what's really going on and making money from it. He's right that the government will intervene. He's wrong in thinking the best thing is for the government not to intervene (in my map of economics, the governments are the ones that define the rules and structure of the economic/financial markets. To fail to see this is a major hinderance to making money). What I need to do is try to guess the possible actions of the central banks will make and place my bets accordingly. As to hyperflation being one of the possibilities, I'm already covered for that to some extent and like Rogers have taken a hit for it recently -- commodities have gone down. I don't plan on unloading my commodity positions but I think doubling down would not be prudent.

Rogers thinks the markets can correct themselves? It's not that his philosphy is wrong (which I think it is). It's that his advice may lose me money and that is one thing I won't tolerate. Hyper-inflation is definitely one of the possible scenarios but I think RGE and Paul Krugman are more on the money. The governments need (and may) buy equity in the banks to give them capital. Not so much so that they can loan money -- that they have -- but that they are willing to lend the money to other banks and the rest of the financial system. One thing for sure, if the central banks do nothing, commodities, Jim Roger's favorite investment these days won't do well. We'll go into a depression and all assets will fall in value. And in the event of hyper-inflation, I'm not convinced that gold will be the holder of value. You can't eat gold. In hyper-inflation and depression the best investment may very well be guns, lots of guns and lawyers.

I happen to agree with Jim Rogers. He might be alittle early with his call, but I think he will be proven right, once again. The Fed is in all out bail-out mode, they are trying to paper over the mistakes made by just about everybody. It's an attempt to make all the bad loans look good,and it just won't work. It might take a year or two but I think hyper inflation in in store for all of us. (Jim, give me a job with a big fat salary, please? You can afford it. and I'm worth it too.).
Now Jim, one mistake I think you made, was moving to China, come on back to the U.S. for now , it's going to take China a long time to become a world leader. I think it's going to take a long time before any country or group of countries, have the balls to become world leaders. They like to criticize and complain about us all time, but none of them have the back-bone to step up to the plate themselves. This explains the recent strength in the Dollar, and the the world-wide collapse of their markets, not only ours. They have no faith in their own abilities, they can't survive without the U.S. market there to buy from them, so they run and hide into the what they think is the safe-haven of the U.S. dollar when they get scared.What a bunch of wimps.
And, Jim,... Mr. Rogers, if you read BloggingStocks, (and I think you should), realize this, you are not a young man anymore, you got a ton of money, you can't take it with you, so, why not gamble and share some of those $$$$ with me, I'm worth it, I'm not asking for a hand-out, O.K? Let me know if you're interested, just contact my pal Sheldon Liber here at BloggingStocks, he can re-lay the info to me.

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Folks please use your eyes and not just your ears listening to these so called analyst. I was at Target last Friday at 5p.m. and only 3 check-out lanes opened and plenty of parking. Car lots full of unsold vehicles at dealerships and used car lots and local auto auction taking in more cars than they can sell at auction. Food prices rising and stores advertising sales for Christmas already. Progress Energy talking about raising rates 31%. Courts holding up forclosures trying to give more time to mediate new terms. The list goes on and on. Do you really need an analyst to tell you what you can see right now? When the numbers show next quarter, the analyst will actually see what you have. Except it will be 3 months or more later. Use your head folks. Your brain won't hurt that much. Time to face reality!!!!

Jim Rogers is upset. The governments aren't letting him win his bets. Jim Rogers has an angle like most people. To suggest that everything will play out if we just leave everything on its own is laughable and demonstrates a lack of objectivity and empiricism. No wonder George Soros thinks Jim Rogers is nothing but a pimped up southern a**hole. Jim is always about Jim. That's the story folks.

Gary,

The worst things have happened since then. The commodities didn't just go down on profit taking. They kept on going down. Finally they told that we in deflation instead of hyper inflation.

But I still believe next time inflation is going to be bigger like hyper inflation. Because the markets are so sensitive to fluctuations in consumer demand.


thanks,
-fornls
http://www.bizcovering.com/Investing/Do-You-Sell-Shares-in-Panic.50511