Wed, Jan 18, 2017
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. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  2. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee