The past two days showed a US home sales plunged and a risk of prolonged recession can be seen. The export rate of Japan saw a slow down for the fifth month in the month of July. The first recession is not yet completed says investor Jim Rogers.As US and Europe growth seems to slow down which will affect every country.
Chinese economy is just one tenth economy when compared to US and Europe but has been able to face the recession. Rogers was the person who forecasted the global commodity rally during the year 1999.The markets are short emerging and the stocks are still long for the commodities. The commodities will have a growth old high for the next decade and will have just 5 to 6% growth.
The growth of commodities will be minimum on average of 5 to 6% annually itself says Roger. financial global crisis. The global financial crisis had a plunged to 65% during the year of 2008 from that onwards Roger has not bought stocks of China.