Sun, Sep 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Ed Rogers sees a much brighter year for Japan, Euro as unsustainable

Monday, December 28, 2009

amb
From the Opalesque team:

Ed Rogers, principal of Tokyo-based Rogers Investment Advisors, stated in his end-of-year commentary that that period had been a very challenging time for investors, quoting macro events such as the threatened default of Dubai, and that BRICs (Brazil, Russia, India, China) had been replaced with concern over PIIGS (Portugal, Ireland, Iceland, Greece, Spain) which are some of the more likely candidates for Sovereign default.

Rogers believes that the Euro currency is unsustainable as some of the countries within the Euro area, the PIIGS and others, may soon be faced with dropping out of the Euro currency because of their inability to meet Euro standards, or the Euro standards will have to change.

The continued threat of Sovereign default from one or more PIIGS, the coming disasters in the US commercial real estate space, US unemployment at 10% for an extended period of time; all of these possible, if not probable, outcomes will fuel market volatility in 2010 according to Rogers.

Equally probable, he said, is the fact that Japan suffers from none of these woes in 2010. Over 90% of Japanese government debt is in local hands, the Japanese real estate bubble burst 20 years ago, and unemployment is only 5.6% (even after many years of restructuring, but also helped by the declining population of Japan) all make Japan look like a market that has bottomed.

Rogers feels more and more strongly that 2010 will be Japan’s turn to shine.

......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L