Tuesday, September 25, 2007

World's greatest market: China or U.S.?

From MarketWatch:
Jim Rogers loves Asia, while Dick Morris rages against America

Odd couple? Yes, but while there's no conspiracy between them, their contrasting spirits shine a bright light on the coming global recession, on who'll get hurt most. Let's look.

First, the savvy and always entertaining Jim Rogers has a new book coming in December, "A Bull in China: Investing Profitably in the World's Greatest Market." This time Jim's putting his money where his mouth is.

He's not only writing another fascinating book about his global adventures, he's sending a powerful signal. This time Jim's even selling his home in New York, leaving America and relocating to Singapore, a signal as ominous as Halliburton relocating in Dubai and others abandoning ship for ports outside the realm of the sinking dollar.