Most investors are veering away from China and Russia, the former because of a bursting bubble and the latter because of plummeting oil prices. We’ve seen just how much China can affect global markets because it’s the second-largest economy in the world, and many are hesitant to touch the country right now.
Jim Rogers, Chairman of Rogers Holdings, is one of the few to actually be consistently bullish on China and Russia over the past few years. Rogers is maintaining his investment opinion that the two countries will be superb economic investments in the future.
Rogers noted that Vladimir Putin has changed in the last couple of years and has a greater understanding of capitalism. This is one of the reasons he is optimistic on the once economic powerhouse, which has suffered in the past two years over the Ukraine invasion and the collapse of oil prices.
The entire interview with Fox Business Network can be seen below:
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